 Prime Minister Shri Narendra Modiji, Honourable Ministers, Excellencies, Distinguished Guests. Good evening. It is my pleasure and privilege to welcome you all to this virtual summit between India and the United Arab Emirates. To begin with, it is my honour to invite Honourable Prime Minister of India, Shri Narendra Modiji, to deliver his opening remarks. Your Highness, my brother, in this virtual summit, I would like to welcome you all. Prime Minister Shri Narendra Modiji, Honourable Ministers, Excellencies, Distinguished Guests. Despite the challenges of COVID-19, the export 2020 was very successful. Unfortunately, I was not able to come to the U.A. to take part in the export. And we were not able to meet for a long time. But today, our virtual summit shows that despite all the challenges, our friendship has reached new heights. Your Highness, in strengthening our relations, your personal land is very important. During the COVID pandemic, you have taken care of the U.A. and the Indian society. For that, I will always be grateful to you. We are now in the state of the U.A. We are in the state of the terrorist attacks. India and the U.A. are fighting against terrorism. Your Highness, for both our countries, this year has a special meaning. You are celebrating the 50th anniversary of the establishment of the U.A. And you have also established the vision of the next 50 years of the U.A. This year, we are celebrating the 75th anniversary of our establishment of the U.A. And for the next 25 years, we have established the important vision of the future of both our countries. Your Highness, I am very happy that both our countries are making progress on the comprehensive economic partnership agreement. It is not surprising that we have been able to talk for at least three months on this important agreement. In general, it takes years to understand this way. The deep friendship between the two countries is the vision of the future and the belief of the future. I believe that this will start a new era in our economic relations. And our business will increase from 60 billion dollars to 100 billion, up to 100 billion dollars in the next five years. Your Highness, business, innovation, energy, and people-to-people relationship is the foundation of our cooperation. Along with that, our cooperation is also possible in many new areas. The new MOU on food corridors is a very good tool. We welcome the U.A. in the food processing and logistics sector. This will make India a healthy partner for the protection of the U.A. In the area of the start-ups, India has played an important role in this. In the last year, 44 unicorns have grown in India. Through joint incubation and joint financing, we can promote the start-ups in both the countries. Similarly, for the development of our people, we can also use the basic institutions of excellence on this. In the last month, after the journey of Jammu Kashmir, after this journey, many rich companies have shown interest in investing in Jammu Kashmir. We welcome innovation in all sectors in Jammu Kashmir, logistics, healthcare, hospitality, and healthcare. We will make all kinds of investments available to your companies. Your Highness, in the next year, India will organize the G20 summit. And the climate issue of the U.A. is becoming increasingly important in the U.A. We can help each other in shaping this agenda. Both the countries are working together with their partners to help each other. I am confident that India, the U.A., Israel, and the U.S. will further advance our social goals. Your Highness, to make this virtual summit possible, I would like to thank you once again. Next, with the permission of both the leaders, I would request India's Minister of Commerce and Industry, Piyush Boyalji, and the Minister of Economy of the United Arab Emirates, His Excellency Abdullah Tuk Almari, to exchange the comprehensive economic partnership agreement signed between India and the U.A. Thank you, Excellencies. We will now screen videos on this historic agreement between our two countries. Today, India and U.A.'s bilateral relationship is at its historical high. The leadership of both nations has an unprecedented goodwill and tremendous energy to build on the comprehensive strategic partnership and collectively embark on a journey of a prosperous and sustainable future. Today, both countries are leading trading partners of each other. While U.A. is the third largest trading partner and the second largest export destination for India, India is the second largest trading partner for the U.A. The two nations now stand poised for a mutual takeoff to realize their long-term goals. India-U.A. comprehensive economic partnership agreement, a landmark trade pact, SEPA will propel the two friendly nations forward towards a magnificent shared destiny. SEPA can facilitate upward mobility across economic value chains and create hundreds of thousands of employment opportunities in both countries. For U.A., products of export interest like dates, petrochemicals and metals will see enhanced access to the large Indian market. For India, there will be enhanced market access for products cutting across sectors, particularly the labor-intensive ones like textiles, leather, gems and jewelry. This is a comprehensive agreement covering all areas of economic cooperation. Bilateral trade is projected to increase to 100 billion US dollars in goods and 15 billion US dollars in services in five years. This path-breaking agreement will lead to seamless flow of goods, services, capital, technology and people and mutually enriching and rewarding collaborations to attain sustainable growth, development and prosperity of peoples of India and the U.A. India-U.A. comprehensive economic partnership agreement, history in the making. Let us join hands and welcome this new beginning. The UAE and India are in working on a new era to strengthen ties, expand collaboration, enhance cooperation and unleash the infinite potential both nations hold in their hands. Together, India and the UAE are gearing up to unlock new social, cultural and economic opportunities and deliver a shared vision of future prosperity for all posterity to write this new chapter of success. We have signed the historic India-U.A.E. comprehensive economic partnership agreement, a paradigm shift that promises to boost trade and investment, fuel competitiveness and productivity, accelerate innovation and sustainable development. Based on transparency and trust, this transformative deal will create enormous benefits for the people of both nations. It will remove or reduce tariffs, improve market access, facilitate FDI and joint ventures, expedite the global economic recovery and place India and the UAE at the heart of global trade. As we continue to adapt to a complex and rapidly changing world, India and the UAE understand that our greatest challenges will not be solved in isolation. Our collaboration is critical to safeguard the seamless flow of goods, services and investments. Together, we can build a more resilient, agile and responsive bilateral ecosystem, one that forges new pathways for aviation, hospitality, logistics, petrochemicals and digital trade, one that harnesses the potential of future technologies, lifts non-oil trade to $100 billion in five years, making a sea change, portrayed liberalization and dynamic investment policy making. This agreement will help spur our bold economic vision for the next 50 years of relentless progress. India-UAE comprehensive economic partnership agreement. Excellencies, Departments of Posts, Government of India and Emirates Posts of the UAE have signed an MOU for release of a joint commemorative stamp on the occasion of the 75 years of India's independence and the UAE's year of the 50th, which marks 50 years since the founding of the Emirates. I request Honourable Prime Minister and His Highness the Crown Prince to kindly witness the release of the joint commemorative stamp. With the kind approval of Honourable Prime Minister and His Highness the Crown Prince, I now request the issuance of the joint vision document entitled, Advancing the India-UAE Comprehensive Strategic Partnership, New Frontiers, New Milestones. Excellencies, our two sides have also agreed on some MOUs. First is the MOU between Agricultural and Processed Food Products Export Development Authority of India and DP World and Al-Tahra UAE in relation to the UAE-India Food Security Corridor Initiative. And next is the MOU between the International Financial Services Centre Authority, Gift City and Financial Services Regulatory Authority of the Abu Dhabi Global Market on mutual cooperation in the fields of financial products, services and institutions. Excellencies, this brings us to an end of this comment. I agree that we value you to the Honourable Prime Minister of India and to His Highness the Crown Prince and other distinguished guests for their gracious presence at this important occasion. Thank you and Namaskar.