Sources said that India and the United Arab Emirates may sign a free trade agreement (FTA) on February 18, under which both countries will be able to trade in several products from different sectors in a duty-free manner. In September last year, India and the United Arab Emirates (UAE) formally began negotiations on the agreement, which was officially dubbed as the Comprehensive Economic Partnership Agreement (CEPA).
Under such an agreement, two trading partners reduce or eliminate customs duties on the maximum number of goods traded between them. In addition, they liberalize norms to promote trade and investment in services. This will be the second such agreement signed by the present government. India had signed the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) with Mauritius in February last year.
The agreement may be signed on February 18
"The India-UAE agreement is ready and will be signed on February 18," a source said. Bilateral trade between India and UAE stood at USD 43.3 billion in 2020-21. In 2020-21, exports stood at USD 16.7 billion and imports were at USD 26.7 billion.
What was Commerce and Industry Minister Piyush Goyal?
Last week, Commerce and Industry Minister Piyush Goyal said that "we expect to make some announcements very soon" on the India-UAE trade deal. Earlier, he had said that the UAE is the gateway to the whole of Africa and many other parts of the world.
He had said that there are a large number of Indian expatriates in the UAE. There is a huge market for products like textiles, gems and jewellery, leather, footwear, and food items.
Post 1 - Contender 6, whose claim is the strongest for the post of Chief Minister in Maharashtra?
Prime Minister Narendra Modi called for the formation of a Mahayuti government in Mumbai, but during this time he did not give any clear indication about the next Chief Minister. He praised Chief
Tilak Varma: Ind vs WI T20 Playing 11 Who will debut Yashasvi or Tilak Varma? Both teams can be like this in the first T20
IND vs WI Playing 11, 1st T20: After Tests and ODIs, now it is time for the thrill of quick cricket. The first T20 International match of the three-match series between India and West Indies will be
These smartphones-tablet laptops and desktops were launched at Mobile World Congress, here is the complete list
MCW means Mobile World Congress has started. In this, different companies launch their products and unveil them. Here we are giving you information about what products have been launched in this.
Mumbai: MP Shinde hit out at Uddhav Thackeray's statement, saying - dragging a child is following Hinduism?
During a program at Shivaji Park, Uddhav Thackeray targeted Chief Minister Eknath Shinde and his son MP Shrikant Shinde, saying that the CM's grandson will soon be eyeing the post of councilor. On
Climate Change: Average temperature will increase from 20.4 °C to 39.7, and will heat up more at night
Rapidly increasing heat will cause six times more deaths by the end of this century. The high temperature during the night will also disturb the sleep and physical functions of the people. Not only
Ayodhya Ram Mandir: New priests assigned duty, use of smartphones banned; dress code will also be implemented
New priests have been put on duty in Ram Mandir. Many tough rules have also been made for the priests. In this sequence, the use of smartphones in Ram Mandir has also been banned for the priests. Soon
Adani Cement Business: Gautam Adani handed over the business of ACC Cement to his son, know what is the plan?
Gautam Adani has decided to take over two giants for $10.5 billion and hand over their operations to his elder son Karan Adani (35). Both these companies are involved in cement manufacturing. Please
Kedarnath Yatra: The first phase of heli service for the Dham is completed, now it will start again after the monsoon ends
All the six heli companies operating helicopter services for Kedarnath Dham returned from Kedarghati on Sunday with their seven helicopters. Now this service will start again in the third phase of the
Wednesday 2 Teaser: The crazy girl with a cut hand and magical powers will show her magic again, when will Wednesday 2 be release on OTT
If we talk about Hollywood's great web series, then the name of Wednesday is definitely included in it. This series entertained the fans a lot through its first season released on the famous OTT
Arvind Kejriwal: 'Kejriwal will have to surrender on June 2 itself', SC rejects plea to extend bail
CM Arvind Kejriwal, accused of money laundering in the Delhi Excise Policy scam, has got a setback from the Supreme Court today. The court has refused to accept the petition seeking an extension of
