India-UAE

India-UAE : Recently, India and the UAE explored collaboration in green steel production and high-grade aluminium development, aiming to strengthen industrial ties under their Comprehensive Economic Partnership Agreement (CEPA).

• About Green Steel : Refers to steel production that does not rely on fossil fuels, aiming for a low-carbon manufacturing process.

o Alternative Energy Sources: It uses low-carbon energy options such as: Green hydrogen (from renewable sources), Blue hydrogen (from natural gas with carbon capture), Coal gasification and Electricity from renewable sources

o Environmental Benefits: Reduces greenhouse gas emissions, lowers production costs over time and enhances steel quality

o Role of Hydrogen: The use of low-carbon hydrogen is central to minimizing the steel industry’s carbon footprint.

• About Aluminium : A chemical element with the symbol Al and atomic number 13. It is the most abundant metal in the Earth’s crust.

o Key Properties: Lightweight and silvery-white in appearance, High corrosion resistance and Fully recyclable, making it environmentally sustainable

• Applications: Transportation, Construction, utensils , defence etc.
• About CEPA: India’s first comprehensive Free Trade Agreement (FTA) in over a decade.

o Aimed at boosting bilateral trade and investment between India and the UAE.

o Signed in February 2022, the agreement spans multiple sectors :Trade in Goods and Services, Pharmaceuticals, Intellectual Property Rights (IPR), Investment & Digital Trade