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.
Dinesh Karthik's bat, who returned to Team India at the age of 37, spoke fiercely in the series a
In the electoral history of Himachal Pradesh, there has been a trend to change power in 5 years,
Indore Lok Sabha Election 2024 Even before the Lok Sabha elections, Congress suffered a majo
Bollywood actress and BJP MP from Mandi, Himachal, Kangana Ranaut is always in the headlines due
The G20 summit successfully held for the first time in India is being praised all over the world.
The war between Russia and Ukraine (Russia Ukraine War News) has taken a dangerous turn. Russian
Ranveer Allahbadia has been facing a lot of difficulties since the objectionable controversy in '
There was an explosion in a vehicle on Wednesday in Larkipora of Anantnag in South Kashmir. Eight
21,016 new cases of corona infection have been reported in the country in 24 hours. During this 3
PM Modi: 'Work has been done to strengthen the judicial system in the last eight years' said PM Modi
Prime Minister Narendra Modi reached Vigyan Bhawan today to attend the inaugural session of the f
