CEPA

"Such trade facilitation can also help in enhancing our exports; logistics cost will also come down," the official said

India exported goods worth $285.9 billion during the June-January period, up 3.1%

A special business event was organised on Friday to celebrate the completion of one year of the signing of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) in Abu Dhabi.Marking a successful year of CEPA signing, a Special Business Event was organised by the Federation of Indian Chambers of Commerce & Industry (FICCI) in association with the Embassy of India, Abu Dhabi, Consulate General of India, Dubai and Dubai Chambers on 17th February 2023 at Dubai, read the press release of the Indian Embassy in Abu Dhabi, UAE.The event was participated in by more than 200 leading businesses from India and the UAE, added the release.India and UAE on February 18th, 2022 signed a historical Comprehensive Economic Partnership Agreement (CEPA).The CEPA was signed during the virtual summit in the presence of Prime Minister Narendra Modi and the President of UAE, Sheikh Mohamed bin Zayed Al Nahyan,Addressing the gathering at the special business event, Dr Thani Al Zeyoudi, UAE ...

The clause was added to the agreement to encourage other countries to join the pact, making it a regional agreement, the sources said

Progress on the Australian trade pact signals a momentum shift

Though technology is driven from places such as Bengaluru, Al Olama said it is coming from the rest of the world as well

India has raised its "serious" concerns over the growing trade deficit with Korea, which stood at about USD 9.5 billion in 2021-22, an official statement said on Friday. The issue came up for discussion during the ninth 9th round of the India-Korea comprehensive economic partnership agreement up-gradation negotiation, which was held in Seoul on November 3-4. The two sides underlined the need to have negotiations based on a win-win approach and are forward-looking and outcome-oriented. During the meeting, sub-groups on trade in goods, services, rules of origin, investment, sanitary and phytosanitary/technical barriers to trade issues held in-depth discussions. "India raised serious concerns on the growing trade deficit between the two countries and discussed market access issues. Both sides agreed to work closely to address tariff and non-tariff barriers and deepen the relationship in the services sector," the commerce ministry said. They also shared a common view that both sides .

The CEPA aims to boost India-UAE bilateral trade to $100 billion in goods in the coming five years

Growth in shipments to Emirates is 5x that to the rest of the world; surge primarily led by gems and jewellery, electrical equipment

China accounted for 10.2 per cent of FDI investments in Bangladesh between 2014 and 2021, India's share was 3.9 per cent

For Bangladesh, the potential of additional exports to India could range from $3 billion to $5 billion in a time span of 10 years

Bangladesh's growth story runs into global economic instability, expensive fuel and slowdown in textile orders

The Comprehensive Economic Partnership Agreement (CEPA) between the two countries came into force from May 1

The development is taking place at a time when India is set to begin deeper engagements with the Gulf Cooperation Council (GCC) countries towards inking a free trade agreement (FTA)

In a symbolic gesture for operationalising the agreement, Commerce Secretary BVR Subrahmanyam handed over Certificates of Origin to three exporters from the gems and jewellery sector here

While the commerce ministry expects the utilisation rate of the current round of trade deals to be higher, the choice of partners shows a close fit with India's geopolitical ambitions

Discussions and negotiations for an FTA with Israel have been going on for over a decade

India should review its position on RCEP

The pact will come into force at a mutually agreed date once it gets approval from the Union Cabinet in India and the Parliament in Australia

UAE trade agreement took a welcome new direction