{"id":74013,"date":"2023-10-09T00:00:00","date_gmt":"2023-10-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/10\/09\/uae-india-eye-new-virtual-trade-corridor-ksa-india-to-build-clean-energy-supply-chain-plus-more-from-iran-algeria-tunisia-and-saudi-arabia\/"},"modified":"2023-10-09T00:00:00","modified_gmt":"2023-10-09T00:00:00","slug":"uae-india-eye-new-virtual-trade-corridor-ksa-india-to-build-clean-energy-supply-chain-plus-more-from-iran-algeria-tunisia-and-saudi-arabia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/10\/09\/uae-india-eye-new-virtual-trade-corridor-ksa-india-to-build-clean-energy-supply-chain-plus-more-from-iran-algeria-tunisia-and-saudi-arabia\/","title":{"rendered":"UAE, India eye new virtual trade corridor + KSA, India to build clean energy supply chain. PLUS: More from Iran, Algeria, Tunisia, and Saudi Arabia"},"content":{"rendered":"

India, UAE discuss possibility of launching virtual trade corridor: <\/strong> The 11th meeting of the UAE-India High Level Joint Task Force on Investments saw officials from the two countries discuss the Abu Dhabi-India Virtual Trade Corridor, which seeks to boost trade volumes by creating data exchange systems that streamline paperless trade between the two nations, Wam<\/a> reports. The meeting, co-chaired by the UAE\u2019s President Mohamed bin Zayed Al Nahyan and India\u2019s Commerce Minister Piyush Goyal, also reviewed the progress of the Comprehensive Economic Partnership Agreement (CEPA) implemented in May 2022. <\/p>\n

KSA, India to work on clean energy supply chain: <\/strong>Saudi Arabia has inked with India an MoU in green hydrogen, supply chains, and electrical interconnection between the two countries, a statement<\/a> by Saudi Arabia\u2019s Energy Ministry read. The MoU was signed by Saudi Arabia\u2019s Energy Minister Prince Abdulaziz bin Salman and Indian counterpart Raj Kumar Singh during the MENA Climate Week in Riyadh. The MoU aims to set up a framework for the co-production of green hydrogen and renewable energy in both nations. It aims to establish a solid and secure supply chain for materials used in both sectors, according to SPA.<\/p>\n

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Iran + Iraq\u2019s <\/strong> Kurdistan government <\/strong> to enhance trade: <\/strong> Iran and the Iraqi Kurdistan Regional Government (KRG) are set to boost trade cooperation between them, Tasnim news agency<\/a> reported, citing secretary of Iran\u2019s Supreme Council of Trade-industrial and Special Economic Zone Hojjatollah Abdolmaleki. Investors from the Iraqi Kurdistan region visited Iran\u2019s freetrade-industrial and special economic zones, where they discussed establishing joint freezones to boost trade, Abdolmaleki said.<\/p>\n

Algeria and Tunisia have signed 26 cooperation agreements spanning <\/strong> sectors including trade and transportation<\/strong>, Telesur<\/a> reports. The agreements were signed during the 22nd Grand Joint Commission for Cooperation held in Algiers, which was co-chaired by Algeria\u2019s Prime Minister Aymen Benabderrahmane and his Tunisian counterpart Ahmed Hachani. <\/p>\n

Saudi Economy Minister Faisal bin Fadel Al Ibrahim discussed bolstering trade <\/strong> and aviation ties during visits to Austria and Portugal<\/strong>, according to a ministry statement<\/a>.In Austria, he discussed enhancing collaboration in several sectors including trade with the Austrian Industries Federation, a key representative of the country's manufacturing sector.<\/p>\n

I <\/strong> n Portugal, Al Ibrahim, representing the Saudi transport minister, inked an air transport services agreement <\/strong> with Portugal\u2019s Infrastructure Ministry on the sidelines of a Saudi-Portuguese Joint Committee meeting, according to a separate ministry statement<\/a>. The agreement aims to pave the way for organized international air services that prioritize safety and security, bolster trade relations, and foster economic growth in both nations.<\/p>\n

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