First round of CEPA negotiations between India, UAE to be held tomorrow - NewsOnAIR -

First round of CEPA negotiations between India, UAE to be held tomorrow

23-09-2021 01:03:00

First round of CEPA negotiations between India, UAE to be held tomorrow

The first round of Comprehensive Economic Partnership Agreement, CEPA negotiations between India and United Arab Emirates, UAE will be held tomorrow. A new strategic economic agreement is expected to increase bilateral trade in goods to 100 billion dollar within five years. Commerce and Industry Minister Piyush Goyal and Minister of State for Foreign Trade of […]

The first round of Comprehensive Economic Partnership Agreement, CEPA negotiations between India and United Arab Emirates, UAE will be held tomorrow. A new strategic economic agreement is expected to increase bilateral trade in goods to 100 billion dollar within five years. Commerce and Industry Minister Piyush Goyal and Minister of State for Foreign Trade of United Arab Emirates Dr. Thani bin Ahmed Al Zeyoudi, have yesterday formally launched negotiations on the India-UAE on CEPA. Both Ministers emphasized that CEPA will create new jobs, raise living standards, and provide wider social and economic opportunities in both nations. Dr. Thani bin Ahmed Al Zeyoudi and a high-level UAE delegation is in New Delhi to hold talks aimed at improving bilateral economic relations, including expanding the existing trade and investment relationship. Both sides will aim to conclude negotiations by December this year and sign a formal agreement in March 2022 after the completion of internal legal procedures and ratification. India and the UAE are among each other’s largest trading partners.

उद्धव ठाकरे बीजेपी पर इतनी बेबाकी से हमलावर क्यों हैं? - BBC News हिंदी किसान आंदोलन के लिए सरकार की भूमिका सकारात्मक नहीं, शरद पवार का केंद्र पर निशाना मुंबई में कोरोना महामारी की शुरुआत के बाद पहली बार कोविड-19 से नहीं हुई किसी की मौत

The UAE is currently India’s third-largest trading partner with bilateral trade in 2019 and 2020 valued at 59 billion dollar. The UAE is also India’s second-largest export destination after the US, with exports valued at approximately 29 billion dollars in 2019-2020. The UAE is also the eighth-largest investor in India. India’s major exports to the UAE include petroleum products, gems and jewellery, minerals, food items such as cereals, sugar, fruits and vegetables, tea, textiles and chemicals. India’s top imports from the UAE include petroleum and petroleum products, precious metals, stones, gems and jewellery, minerals, chemicals and wood and wood products.

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