Which of the following statements with regard to the outcomes of the talks between the Prime Minister of India and the President of UAE held in February, 2024 is/are correct?

1. Both countries signed an agreement on inter-linking of domestic debit/credit cards

2. An MoU was signed on cooperation in digital infrastructure projects

3. Both countries agreed that a Bilateral Investment Treaty shall be signed in the next meeting at the ministerial level

Select the answer using the code given below:

The Correct answer is Option 1. 

Key Points

• Agreement on Inter-linking of Domestic Debit/Credit Cards: An agreement was signed to interlink India’s RuPay and UAE’s JAYWAN cards, facilitating the integration of their domestic payment systems and enhancing financial cooperation between the two countries.​ Hence Statement 1 is correct. 
• MoU on Cooperation in Digital Infrastructure Projects: A Memorandum of Understanding was signed to promote collaboration on digital infrastructure projects, aimed at improving technological ties and investment cooperation​. Hence Statement 2 is correct. 
• Bilateral Investment Treaty: A Bilateral Investment Treaty was signed, which is expected to promote and protect investments between the two countries. Hence Statement 3 is Incorrect.
• Hence Option 1 is correct.