The Global Economic Cooperation Forum 2026 opened this week in Mumbai, positioning India at the center of multilateral economic dialogue. The inaugural forum, convened by the Future Economic Cooperation Council (FECC), gathered senior government officials, multilateral institutions, and global business leaders to develop practical frameworks for cooperation in a multipolar world.
Importantly, the United Arab Emirates (UAE) participated at a high level. Dr. Prof. Khaled Hanafy, Secretary General of the Union of Arab Chambers, and Dr. Waiel Awwad, Director General of the Indo Arab Chamber of Commerce, Industry and Agriculture, represented the UAE and the broader Arab business community. Their presence underscored the growing depth of India–UAE economic relations.
High-Level Dialogue on Global Realignment
During the opening session on the “Great Global Realignment,” leaders examined how governments and corporations can shape a new era of economic stability. The discussion focused on resilient supply chains, trusted partnerships, and diversified trade networks.
In addition, conversations addressed stronger trade linkages between India and the Arab region. As global trade patterns evolve, both sides emphasized cooperation across strategic sectors such as energy, technology, semiconductors, and food security.
A message from Prime Minister Narendra Modi described India as a confident voice of the Global South. He highlighted the country’s commitment to building a more inclusive and balanced world order.
Meanwhile, India’s Minister of External Affairs, S. Jaishankar, stressed the importance of de-risking and diversifying supply chains. He noted that economic, political, and technological shifts demand stronger global partnerships. Therefore, the Global Economic Cooperation Forum 2026 provides a timely platform for strategic dialogue.
India–UAE Economic Momentum
The Global Economic Cooperation Forum 2026 also reflects the rapid progress in India–UAE relations. The Comprehensive Economic Partnership Agreement (CEPA), signed in 2022, significantly boosted trade flows. Today, bilateral trade stands at approximately $85 billion annually, making India the UAE’s largest trading partner.
Consequently, the UAE’s participation in the forum signals continued momentum. Both countries aim to shape the next generation of cross-regional economic frameworks that support resilience and sustainable growth.
Building the Next Framework of Cooperation
Shri Devendra Fadnavis, Chief Minister of Maharashtra and Chief Patron of FECC, emphasized that the global order is recalibrating. Supply chains are reorganizing, and strategic industries increasingly intersect with national security. As a result, economic statecraft has become central to global competitiveness.
He stated that India’s rise is structural rather than accidental. From Mumbai, a city built on maritime trade and global engagement, leaders aim to design a resilient and inclusive economic architecture.
Ultimately, the Global Economic Cooperation Forum 2026 highlights India’s expanding global role and the UAE’s commitment to multilateral collaboration. Together, both nations are working to strengthen global stability, predictability, and long-term economic cooperation.
Read Also: Ambition Launches Coaching Intelligence to Power AI Sales Coaching
