(MENAFN- Khaleej Times) Just days before the visit of His Highness Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to India as the chief guest for Republic Day, India's cabinet has approved the signing of five MoUs with the UAE.
The MoUs cover bilateral cooperation in the areas of road transport, small and medium enterprises (SMEs), agriculture, as well as cooperation in maritime transport and training.
Regarding the MoU to be signed between India's Road Transport and Highways Ministry and the UAE's Federal Transport Authority - Land and Maritime, a cabinet communique in New Delhi said that it "envisages increased cooperation, exchange and collaboration between India and the UAE, and will contribute to increased investment in infrastructure development and enhance logistics efficiency".
"This will help in promoting safe, economical, efficient and environmentally sound road transport in the country and will further help both the countries in creating an institutional mechanism for cooperation in the field," it added.
Additionally, the MoU is also expected to improve cooperation in the areas of transport policies and technologies, as well as the sharing of knowledge and best practices on electronic toll collection systems. It will also cover the establishment of logistics parks, transportation warehousing and freight logistics.
The MoU on institutional cooperation in maritime transport, for its part, is designed to "pave way for facilitation and promotion of maritime transport, simplification of customs and other formalities, wherever possible, observed in ports and facilitation of the use of existing installations for the disposal of waste".
"The MoU will enable shipping companies in both countries to enter into bilateral and multi-lateral arrangements for sustainable trading activities," the communique noted.
The cabinet also decided to give the go-ahead for cooperation on the Mutual Recognition of Certificates of Competency in the maritime training domain.
"The proposed MoU will pave the way for recognition of maritime education and training, certificates of competency, endorsements, training documentary evidence and medical fitness certificates for seafarers issued by the government of the other country," it said.
Another MoU - which deals with the agricultural and allied sectors - "will promote understanding of best agricultural practices in the two countries and will help in better productivity at farmer fields as well as improved global market access leading to equity and inclusiveness".
"Cooperation in agricultural technology will lead to innovative techniques for increasing production and productivity leading to strengthening of food security," the communiqu added.
Lastly, the communiqu noted that the MoU, which deals with SMEs and inovation, "would benefit Indian SMEs and lead to equitables and inclusive development" and provide the SMEs of both countries an opportunity to have a mutually beneficial relation and to explore their markets."
Five MoUs
-MoU between India's Road Transport and Highways Ministry and UAE's Federal Transport Authority - Land and Maritime
-MoU on Institutional Cooperation in maritime transport
-Mutual recognition of certificates of competency in the maritime training domain
-MoU on agriculture and related sectors
-MoU on SMEs and innovation
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