Addressing the Economic Times second annual India-UAE Strategic Conclave in Abu Dhabi, H.E. Sheikh Nahyan Mubarak said, “Tolerant societies are economically prosperous.” … reports Asian Lite News.
To the extent that tolerant societies are more open and innovative, it seems clear that they will be more economically prosperous. Both India and the UAE are obvious cases in point, says HE Sheikh Nahyan bin Mubarak Al Nahyan, the UAE Minister of State for Tolerance, adding that tolerance in both countries makes us natural partners and friends.
Addressing the Economic Times second annual India-UAE Strategic Conclave in Abu Dhabi, the minister said: “It’s time to consider the economics of tolerance. As friends who value tolerance and peace, India and the UAE have shared many things, much to our mutual advantage. Most prominent are the values that we have shared—a devotion to our own cultures and a deep respect for and appreciation of other cultures, ethnicities, languages, religions, and beliefs.”
“We have shared the desire for global peace and the safety, prosperity, and well-being of our communities. We have shared a devotion to tolerance, compassion, and dialogue. There are new and emerging areas of collaboration between India and the UAE to explore,” he added.
H.E. Sheikh Nahyan bin Mubarak reiterated the UAE’s commitment to tolerance as an essential component of society. Tolerance is critical to the safety, security and peaceful prosperity enjoyed by the population of the UAE, drawn from more than 200 countries. Tolerance has been a key characteristic of the UAE since its foundation 47 years ago by the late Sheikh Zayed bin Sultan Al Nahyan, who taught us that tolerance means ‘knowing one another’.
He pointed out on the emerging sub-field, namely the ‘economics of soft power’, which combines culture, heritage, arts and happiness. This goes far beyond economics of tourism and continues to broaden the ‘soft power’ economics. “It’s high time to consider the economics of tolerance, particularly the economic benefits associated with tolerance.”
In his keynote address H.E. Navdeep Suri, Indian Ambassador to the UAE, focused on the taking a fresh approach to strengthen the age-old ties between India and the UAE. “The bilateral, trade and strategic relations between the UAE and India is expected to grow significantly in the coming years. There has never been a better time to expand the business connections links between India and the UAE. There are enormous Indian investments in to the UAE. We want to see much more business and investment interests from the UAE into India.”
“India is looking for a significant amount of investment from the UAE that will help substantially augment the trade and investment relations between the countries. The economic ties between India and the UAE dates back hundreds of years and we are proud of the two countries’ sustained efforts to strengthen this relationship further. There is a continuation of the relationship founded on the success of the two countries’ constant commitment to boost mutual bilateral ties,” he added.
