Dr S Jaishankar, Indian minister of foreign affairs, underscores scope for collaboration and the positive impact of the Abraham Accord during a crucial visit to the UAE and Bahrain.
Indian External Affairs Minister Dr S. Jaishankar's recent outreach to Gulf states, extending for nearly a week, assumes critical significance as it comes in the wake of the UAE and Bahrain normalizing their relations with Israel and the UAE enacting a sweeping series of reforms covering foreign ownership of companies, long-term residencies and an overhaul of personal and family laws.
Indeed, the strategic importance of the UAE as a logistics hub for India and other Asian economies is also set to grow as a result of the Abraham Accords, Dr Jaishankar said. “There are a lot of areas which have not realised the full potential,” he told state news agency WAM in an interview during the visit. https://www.youtube.com/watch v=S6GQmgcyYEE “As you get to know each other better and work more together, the potential keeps growing,” he said, using the burgeoning energy sector as an example. “Ten or 15 years ago, we would have said, 'You are the supplier, and we are the purchaser.' Today, we have reimagined that energy relationship in a very different, more collaborative way,” he said.
Dr Jaishankar began his tour, his first bilateral engagement abroad in months, by paying a condolence visit to Bahrain for the death of the long-time Prime Minister, Prince Khalifa bin Salman Al Khalifa. In the UAE, he had meetings with Sheikh Mohamed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Sheikh Abdullah bin Zayed Al Nahyan, the UAE Minister of Foreign Affairs.
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According to the External Affairs Minister, national and global security were associated with threats of violence or attacks from terrorist organisations in the past, but today, along with food security and financial security, health is one of the fastest emerging security concerns, the foreign minister pointed out.
"There is a realisation that you cannot have security for some [leaving others behind]. Maybe in economics and food you can get away with it - somebody can go hungry, but you are okay. But if I have coronavirus, you are not going to be okay. So today, nobody is okay until everybody is okay, which means we have to rethink how health security is going to work," he said.
A country like the UAE, with its world-class digital infrastructure, has a major role to play in health security, he said. “I am particularly impressed by the UAE and others in the region because they have taken such good care of people - their own people and expatriates." He thanked the UAE government for taking care of the 3 million plus Indians in the country during the pandemic. “I came to the Gulf primarily to express to their leadership, especially that of the UAE, a very profound gratitude for the manner in which they have looked after the Indian community during the period,” Dr Jaishankar said.
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“Since the Abraham Accords between Israel, the UAE and Bahrain were signed in September, Indian businesses and entrepreneurs - especially those based in the UAE and elsewhere in the Gulf - have been keen to explore new economic and logistical opportunities from the historic agreement.
But the strategic convergence of interests between India, the UAE and other Gulf states goes beyond simple commercial or transactional domains. According to Adam Hanieh, a scholar based in London's School of Oriental and African Studies, the capitalism of Gulf states like the UAE today permeate and shape Middle Eastern economies, in the agricultural, construction, industrial and banking sectors, and the processes of financialisation that is fundamental to Gulf (or Khaleeji) capital accumulation invariably leads to political effects of their economic power.