8th Meeting of the India-UAE High Level Joint Task Force on Investments

The eighth meeting of the India-UAE High Level Joint Task Force on Investments (“the Joint Task Force”) was hosted by India, in virtual format due to the ongoing COVID-19 pandemic.

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Key-Points

The meeting was co-chaired by Shri Piyush Goyal, Minister of Commerce & Industry, Government of India and Sheikh Hamed bin Zayed Al Nahyan, Member of the Executive Council of the Emirate of Abu Dhabi.

The Joint Task Force was created in 2012 as a crucial forum for further deepening the already strong economic ties between the UAE and India.

The mechanism has assumed greater importance as the two countries entrench the Comprehensive Strategic Partnership Agreement signed in January 2017.

Both sides reviewed the existing UAE special desk (‘UAE Plus’) and the Fast Track Mechanism created in 2018 to facilitate investments and to resolve any challenges experienced by UAE investors in India.