UAE must have clear goals to make the trip a success

Abu Dhabi: The visit by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to India comes in line with significant changes in the economic relations between the two countries.

The UAE is required to lay down a clear strategy to set targets for its economic ties with India in view of the latest developments in the world, according to a think tank report.

The global economy has been witnessing strategic changes with new players, including India, joining the club of powerful economic partners, the Emirates Centre for Strategic Studies and Research said.

The growth coincides with GCC's economic leap. Yet the ties between GCC countries and India do not reflect the rapid economic growth. The visit is vital for bilateral ties. Joint investments between the UAE and India are witnessing huge growth rates. India's goals include securing strategic resources, opening markets for its products and attracting GCC investment. The UAE must, in turn, have clear goals to achieve through its ties with India.