International Current Affairs - 2019
Latest International Current Affairs 2019 with news summaries and current events in International developments, geopolitical, organizations, groupings and fora related updates for India and world with all important national news updates and events for the year 2019.
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President of India Ram Nath Kovind, addressed the India-Iceland Business Forum in Reykjavik, (capital of Iceland) on 11 September 2019. President Kovind is on a 3 day visit to Reykjavik, Iceland from 9-11 September 2019. This is part of President’s three first leg visit to– Iceland, Switzerland and Slovenia. This is also the first visit of an Indian President to Iceland since visit of Dr APJ Abdul Kalam in 2005.
Highlights of India-Iceland Business Forum
India-Iceland Relation: India’s growth and commitment to sustainability and Iceland’s business strengths and niche capacities complement each other and make for a natural partnership.
The technological prowess of Iceland and scientific skills of India could embrace each other to drive 4th Industrial Revolution and machine-intelligence age.
India’s transformative growth programmes and next-generation infrastructure projects present large opportunities for Icelandic companies.
There is scope to enhance economic partnership in areas such as trade, investment, services to research and innovation.
Even though India-Iceland’s bilateral trade figures are modest but Indian market and Iceland’s business strengths can still add significant numbers to them.
Iceland can source manufactured goods, fruits and vegetables, chemicals and engineering goods and textiles from India.
There is a lot of economic potential and opportunities between India and Iceland in pharma, healthcare, finance, hospitality, tourism services and biotech space.
United Arab Emirates hosted the 8th Asian Ministerial Energy Roundtable (AMER8) on 10 September 2019, alongside the 24th World Energy Congress (which will be held from 9-12 September 2019) in Abu Dhabi, UAE. India is the co-host along with UAE at the AMER8 event.
Union Minister of Petroleum and Natural Gas Minister Dharmendra Pradhan who is on a 3-day visit to United Arab Emirates (UAE), will participate in 8th Asian Ministerial Energy Roundtable (AMER8) in Abu Dhabi.
About 8th Asian Ministerial Energy Roundtable
UAE with India as co-host of AMER8, convened International Energy Forum (IEF) energy ministers and heads of key international organisations to debate energy security in age of change with a view to empower responsible growth in Asia as well as the world.
The AMER8 is structured in two plenary sessions that will focus ministerial dialogue on-
- The role of new technologies for a more competitive and productive world energy mix
- Advancing inclusive access to secure, affordable, and sustainable energy services
Significance: Ministerial dialogue findings at AMER8 will help to inform 17th Ministerial International Energy Forum to be held in 2020. India which is the co-host of AMER8, will seek to advance these dialogue outcomes when it convenes 9th Asian Ministerial Roundtable (AMER9) in 2021 in New Delhi.
United Arab Emirates (UAE) took over the hosting of ‘8th Asian Ministerial Energy Roundtable’ from Kingdom of Thailand that focused dialogue on global energy markets in transition to move from vision to action at 7th Asian Ministerial Energy Roundtable (AMER7) held in Bangkok, Thailand from 1-3 November 2017. This was with a view to deepen ministerial foresight on energy market security and the role of innovation to empower responsible growth.
The key ministerial dialogue findings of AMER7 that was laid down in concluding statement by Government of Thailand informed ministerial dialogue at 16th International Energy Forum Ministerial hosted by India on 10-12 April 2018 in New Delhi (IEF16).
Tags: 24th World Energy Congress • 8th Asian Ministerial Energy Roundtable • Abu Dhabi • AMER8 • Dharmendra Pradhan • India-UAE • Union Minister of Petroleum and Natural Gas Minister • United Arab Emirates