India and Qatar affirm their commitment for closer collaboration

India and Qatar affirm their commitment for closer collaboration

The two sides exchanged views on issues of mutual interest at the regional and multilateral levels, including cooperation at the UN.

In was a dramatic reversal of events, Arab leaders from UAE, Saudi Arabia, Bahrain and Egypt signed a declaration to retore diplomatic relations with Qatar in January this year, after having imposed an embargo against the country nearly three and half years ago.

A gesture that Saudi Crown Prince Mohammed bin Salman affirmed as, “our Gulf, Arab and Islamic solidarity and stability”.

“There is a desperate need today to unite our efforts to promote our region and to confront challenges that surround us, especially the threats posed by the Iranian regime’s nuclear and ballistic missile programme and its plans for sabotage and destruction.”

Restoration effect

Saudi Arabia’s Crown Prince Mohammed bin Salman welcomes Bahraini King Hamad bin Isa al-Khalifa upon his arrival to attend the Gulf Cooperation Council’s (GCC) 41st Summit in Al-Ula, Saudi Arabia. Arab leaders signed a declaration to retore diplomatic relations with Qatar at the Summit.

The news of the reconciliation means that newer opportunities for trade and collaboration are now beginning to open up, not just with the GCC countries but also for countries like the US and India.

In fact, India was one to react positively to the announcement, with Anurag Srivastava, India’s Ministry of External Affairs’ official spokesperson stating, “We were pleased to note the positive developments at the recently concluded GCC Summit in Al-Ula, Kingdom of Saudi Arabia. We welcome the reconciliation and rapprochement between countries in the region.

India shares excellent relationship with all the countries in the GCC, which is in our extended neighbourhood, and we hope that such encouraging developments will further promote peace, progress and stability in the region.

“We will continue to work with GCC countries for the strengthening of our bilateral co-operation. We also look forward to enhance our institutional dialogue and partnership with the GCC.”

Deputy Prime Minister and Minister of State for Defence Affairs of Qatar Dr Khalid bin Mohamed Al Attiyah calling on Defence Minister Rajnath Singh before their bilateral meeting in February last year. India and Qatar share strong bilateral ties in sevral sectors, including defence.

An acceleration of relations

India has been one of the few countries who has managed to pull off a difficult balancing act during the years of the embargo, by increasing engagement and furthering relations with Gulf countries like the UAE and Saudi Arabia while still maintaining good relations with Qatar. And it appears that manoeuvring that diplomatic high rope is finally coming to fruition, as India and Qatar reviewed bilateral relations including energy, trade, investments, defence and health security at the Foreign Office Consultations yesterday.

The two sides exchanged views on issues of mutual interest at the regional and multilateral levels, including cooperation at the UN and other international fora and agreed to convene the first Joint Commission Meeting at Foreign Minister level at an early date.

Both sides expressed satisfaction that despite the COVID-19 pandemic they have kept in close touch including the telephone conversations between Prime Minister Narendra Modi and the Amir of Qatar and the visit of External Affairs Minister to Qatar in December 2020 “which gave new momentum to bilateral relations”. The two countries have also reiterated their commitment to working closely together in these areas and further discussing new areas of cooperation.

“The Foreign Office Consultations provided an opportunity to review the entire gamut of bilateral relations, including political, energy, trade, investments, defence, food security, health security, science and technology, consular, community and cultural issues,” an MEA release said.

Qatar and India

Home to nearly 700,000 Indians, Qatar has a large Indian diaspora. According to data released by Qatar Chamber of Commerce and Industry (QCCI) and Qatar Financial Centre (QFC), there are over 6000 big and small Indian companies operating in Qatar at present, with an investment of about US$450 million in the country.

Qatar’s bilateral trade with India was valued at $10.95 billion in 2019-20, according to official data, and H E Dr. Deepak Mittal, Indian Ambassador to Qatar, recently stated that Qatar-India trade volume is expected to return to pre-COVID-19 level by middle of this year.

“Bilateral trade between Qatar and India crossed $11bn in 2019. Despite COVID-19 challenges the trade volume between two countries from April to November in 2020 was about $7bn which was a good growth,” He told The Peninsula.

Qatar also has great importance when it comes to India’s energy security. With an import of nearly 10 million metric tonnes (MMT) of LNG, both through a long-term contract between Petronet of India and RasGas of Qatar and spot purchases by Indian companies, Qatar is the largest supplier of LNG to India, accounting for over 50% of India’s global LNG imports. In 2015, Petronet LNG and Qatar’s RasGas Co. Ltd had signed an agreement for an additional supply of 1 millon tonnes of LNG annually from the RasGas through the remainder of the 25-year contract, ending in 2028. Besides LNG, India also imports ethylene, propylene, ammonia, urea and polyethylene from Qatar.

It is worth noting that the restoration of relations between Qatar and the Gulf countries, not to mention the normalisation of relations between Israel and the GCC countries has brought with an era of infinite opportunities for trade, investment and collaboration. The world, it seems is opening up and India with its increasing stature on the global stage and strong strategic and diplomatic relations with all the countries involved is right in the centre of it.

Apples supplies from Kyrgyzstan to Uzbekistan significantly increase
Apples supplies from Kyrgyzstan to Uzbekistan significantly increase
Energy ministers of Turkic Council member-countries to hold meeting
Energy ministers of Turkic Council member-countries to hold meeting
Several countries purchase Turkmen products on country's exchange
Several countries purchase Turkmen products on country's exchange
Loading Bars
Weekly review of highlights in Azerbaijani financial market
UK records another 7,434 coronavirus cases, 290 deaths
It is necessary to end deployment of Armenian armed forces on territory of Azerbaijan - Foreign Ministry
WHO reports over 420,000 new daily cases of COVID-19
Istanbul’s major Galataport project to go live in April
0.03% of pupils and 0.1% of school staff in Georgia confirmed with Covid-19 this week
Iran's Energy Exchange announces products to be on sale on February 28
Uzbekistan's largest share in formation of GDP falls on Tashkent
Azerbaijan's revenues from tea, coffee exports double in Jan.2021
Cargo movements in Iran's Khalij-e-Fars port increase
China conditionally approves one-shot recombinant COVID-19 vaccine
Stock gains power Buffett's Berkshire Hathaway to higher profit
More than 165,000 apply for Turkey’s most popular scholarship
Georgian Railway resumes passenger transfers
Kazakhstan reports value increase in all types of deposits
New road put into operation in Iran's Golestan Province
Azerbaijan sets up working subgroups to prepare 2021-2025 Development Strategy
Bahar Azadi gold coin price falling in Iran
Azerbaijan reports 172 more COVID-19 recoveries
Azerbaijan's Ministry of Finance to put up medium-term bonds for auction
Azerbaijan's banking sector ends January 2021 with profit
Foundation of several manufacturing enterprises laid in Iran's Qazvin Province
Uzbek-Korean JV to buy spare parts for metal detector via tender
USAID to promote start-up dev’t in Turkmenistan
President Aliyev: Any attempt to violate implementation of November 10th declaration will be very harmful for Armenia (VIDEO)
Iran reveals COVID-19 data for February 27
Bosnian TV channel visits liberated Azerbaijani Aghdam, reminds of Khojaly genocide
Azerbaijani police officers find ordnances left by Armenians in Khojavand (PHOTO)
Long-term energy demand impact of COVID-19 is modest
President Aliyev to Iranian reporter: Your question is a kind of an accusation (VIDEO)
New Zealand's largest city Auckland back to lockdown after COVID-19 case
Iran pins hopes on Swiss financial channel to purchase COVID-19 vaccines
Foreign journalists visit village where two-year-old Azerbaijani girl was killed by Armenians
Volume of cargo loaded, unloaded in Iran’s Chabahar port revealed
Weekly review of Azerbaijan's oil and gas sector
Eni Turkmenistan Ltd opens tender for catering, housekeeping services
Kazakhstan boosts imports of Switzerland-made products
Uzbek ministry, German Society for International Cooperation sign agreement
Uzbekistan, China expand mutual trade despite COVID-19
Georgia reports 373 new cases of coronavirus on Feb.27
Buy/sell operations at Iran Mercantile Exchange soar
Weekly review of Azerbaijani precious metals market
Baku Metro continues preparatory work for commissioning of new 'November' 8 station
Iran's exports to Russia increase
Uzbek-Korean JV to buy spare parts for pumps via tender
Kazakh airlines eye to launch several flights on Turkestan-Istanbul route
UNDP in Turkmenistan opens tender for services on seismic work
Volume of electricity generated by renewable energy power plants in Iran announced
Researcher talks monuments on ancient Azerbaijani lands vandalized by Armenians (PHOTO)
Uzbekistan reveals COVID-19 data for Feb. 27
Azerbaijan's MoD shares footage from Gubadly's Afandilar village (PHOTO/VIDEO)
Iranian currency rates for February 27
Remittances from Azerbaijan to Georgia show highest growth rate
Belarus considering possibility of supplying agricultural machinery to Turkmenistan
Turkmenistan’s Turkmenbashi Oil Refinery exceeds plan for kerosene production
Azerbaijani oil prices published
Kazakhstan's uranium mining company opens tender to acquire electro-technical materials
Issuance of construction permissions in Georgia down
Philippines extends partial coronavirus curbs in capital until end-March
Weekly review of Azerbaijani currency market
Kazakh gas supply company to attract equipment installation services via tender
Turkey's tourism industry puts hopes on safety measures for new season
Azerbaijani marketing platform plans to become regional player
Argentine health minister tests positive for COVID-19
Czech gov't declares new state of emergency over coronavirus
U.S. FDA advisors recommend approving Johnson & Johnson COVID-19 vaccine for emergency use
Increase in malware attacks makes cybersecurity more relevant than ever - Kaspersky Lab in Azerbaijan
South Korea vaccinates 18,000 to start ambitious COVID-19 campaign
US may announce new sanctions on Russia within weeks - White House press secretary
Founder of Indian Jet Airways eyes opening airline in Uzbekistan’s Namangan region
Saudi Arabia rejects U.S. intelligence report on Khashoggi's killing: statement
Israel registers 2,738 new COVID-19 cases, 769,971 in total
U.S. announces 'Khashoggi ban' for 76 Saudi individuals
Number of COVID-2019 cases across globe up by over 427,000 in past day
Slovenia confirms first case of coronavirus variant identified in S. Africa
UN Security Council adopts resolution on vaccination
UK records another 8,523 coronavirus cases, 345 deaths
Kazakhstan shows interest in supplies of Belarusian sugar, its manufacturing technology
Turkey reports 9,205 new COVID-19 cases, 2,683,971 in total
Iran, Russia emphasize need to coop. in agricultural sector
When will Georgia receive its first doses of the COVID-19 vaccine?
House poised to approve Biden's $1.9T coronavirus relief bill in Friday vote
Canada approves use of AstraZeneca COVID-19 vaccine
Azerbaijan discloses volume of liabilities of banks in Jan. 2021 accounting for deposits
Azerbaijan imposes restrictions on import of poultry meat from Estonian county
Amount of financial support of Kazakh manufacturing sector by Baiterek holding increases
Attracting FDI can help Georgia to boost exports of high-value food products - OECD
European Council extends mandate of special representative for South Caucasus
Kuwait reports 1,022 new COVID-19 cases, 189,046 in total
WHO says COVID-19 vaccine rollout in Africa has gathered steam
Armenia has always supported terrorism - MP
EU supports JCPOA commitments
Azerbaijan focused on rehabilitation, reconstruction of liberated lands - MP
Assistant to Azerbaijan's president talks country's success in int'l information field
Baku Stock Exchange to auction off Azerbaijani Central Bank's short-term notes
Azerbaijan records growth of GDP in non-oil sector over Jan. 2021
Azerbaijan discloses volume of fruits and vegetables exported since early 2021
Azerbaijan would like to bring new ideas, proposals to region with help of OSCE - MP
Uzbekistan, Tajikistan talk opening ground checkpoints
All Armenian prisoners of war have been returned to Armenia - Azerbaijani MP
All news