Implementation of the comprehensive free trade agreement between India and the UAE would help boost the country's exports and creation of lakhs of jobs, according to exporters.
The CEPA signed between India and UAE on Friday will lead to opening doors to new opportunities for trade and investments between two countries and benefit SMEs and startups, FICCI said on Saturday.
The comprehensive free trade agreement signed between India and the UAE would help two-way commerce reach the USD 100 billion mark in over five years, Commerce and Industry Minister Piyush Goyal said
The UAE is currently India's third-largest trading partner and the second-largest export destination, after the US
External Affairs Minister S Jaishankar said CEPA signed between India and the UAE on Friday marked a milestone in bilateral ties, which will lead to a glorious, shared future and enhanced investments
India-UAE comprehensive economic pact reflects deep friendship, shared vision and trust between two nations, says PM Modi
India and the UAE on Friday signed a free trade agreement (FTA) to give a fillip to bilateral trade and economic ties. The agreement, dubbed as the Comprehensive Economic Partnership Agreement (CEPA), was signed and exchanged by Commerce and Industry Minister Piyush Goyal and UAE Minister of Economy Abdulla bin Touq Al Marri. The trade agreement was signed during a virtual summit held by Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan. Briefing media after the signing of the pact, Goyal said this is a comprehensive and balanced trade agreement. "It opens up huge business opportunities for both sides. The agreement will help in doubling our bilateral trade," Goyal said. An official release stated that the agreement will provide significant benefits to Indian and UAE businesses, including enhanced market access and reduced tariffs. It is expected that the CEPA will lead to increase in bilateral trade from the current USD 60 billion to U
India and UAE have collaborated closely during the Covid pandemic in critical areas of healthcare and food security
India and UAE have collaborated closely during the Covid pandemic in critical areas of healthcare and food security
The United Arab Emirates and India will sign a trade and investment agreement on Friday during a virtual summit attended by the countries' two leaders, the UAE and Indian local media said.
The first round negotiation was launched five months ago
India and UAE will firm up a Comprehensive Economic Partnership Agreement on Friday during virtual summit between PM Modi and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed al Nahyan.
India and the UAE have agreed on all the elements of the proposed Comprehensive Economic Partnership Agreement (CEPA) and it could be signed very soon, the ambassador of the Gulf nation said
Dubai's financial regulator and India's International Financial Services Centre Authority have signed a memorandum of understanding to increase supervision, enforcement and oversight on companies
India and UAE are holding talks for Comprehensive Economic Partnership Agreement (CEPA) and there were reports that the agreement could be announced during the Prime Minister's visit
Both India and the UAE have been holding talks to firm up a comprehensive free trade agreement to further boost economic ties and there is a possibility of forward movement on it during the visit
Leaders and govts can only create framework and provide platforms but at the end of the day it is up to businesses to take advantage of the opportunities, Goyal said.
Noting that companies in the UAE now feel the process to invest in India has become seamless, Goyal on said they are looking to engage in a much bigger way
Noting that companies in the UAE now feel the process to invest in India has become seamless, Goyal on said they are looking to engage in a much bigger way
A new strategic economic pact is expected to increase bilateral trade in goods to $100 bn, services t $15 bn in 5 years