HomeIndia NewsWhy India-Saudi Arabia friendship is important, External Affairs Minister S Jaishankar gave...

Why India-Saudi Arabia friendship is important, External Affairs Minister S Jaishankar gave reasons

India Saudi Arabia Relation: Underlining the importance of strategic ties between India and Saudi Arabia, External Affairs Minister S Jaishankar on Sunday said the two countries promise cooperation, shared development, prosperity, stability, security and development.

External Affairs Minister Jaishankar arrived in Saudi Arabia on Saturday on a three-day visit to further strengthen India’s ties with Saudi Arabia. The Foreign Minister addressed diplomats at the Prince Saud Al Faisal Institute of Diplomatic Studies in Riyadh on Sunday morning.

S Jaishankar tweeted that this morning addressed the diplomats at the ‘Prince Saud Al Faisal Institute of Diplomatic Studies’ in Riyadh. He said that India-Saudi relations become very important at a time when the world is facing many problems. In his second tweet, Jaishankar said that both the countries promise mutual cooperation, shared development, prosperity, stability, security and development.

What is the purpose of this trip?
This is Jaishankar’s first visit to Saudi Arabia as foreign minister. During the visit, Jaishankar co-chaired the first ministerial meeting of the Committee on Political, Security, Social and Cultural Cooperation (PSSC), set up under the framework of the India-Saudi Arabia Strategic Partnership Council, along with his Saudi counterpart Prince Faisal bin Farhan Al Saud. will do. India and Saudi Arabia enjoy cordial and friendly relations with centuries-old economic and socio-cultural ties. Saudi Arabia is the fourth largest trading partner of India.

‘Both countries are good trading partners’
More than 18 percent of India’s crude oil imports come from Saudi Arabia. During FY22 (April-December), bilateral trade was valued at $29.28 billion. During this period, India’s imports from Saudi Arabia were worth $22.65 billion and exports to Saudi Arabia were worth $6.63 billion.

According to the Indian Embassy in Riyadh, there are about 22 lakh Indians in Saudi Arabia, which is the largest expatriate community here. The Ministry of External Affairs said in a statement that even during the Kovid-19 epidemic, the top leadership of the two countries remained in close contact.

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