According to the official announcement, the two ministers expressed their desire to reach a mutually beneficial economic agreement, aiming to build on the progress made by the two countries under a comprehensive strategic partnership signed in 2017. bottom.
Both sides aim to sign a formal agreement in March next year after negotiations have been completed by December and domestic legal proceedings and ratification have been completed.
India and the United Arab Emirates have recently begun formal negotiations on a planned Comprehensive Economic Partnership Agreement (CEPA) between India and the United Arab Emirates in New Delhi. The first round of CEPA negotiations began today and will continue tomorrow. Indian Commerce and Industry Minister Piyush Goyal and his United Arab Emirates counterpart Tani bin Ahmed al Zeyodi held a related meeting.
The United Arab Emirates is currently India’s third largest trading partner, with bilateral trade value of $ 59 billion in 2019-20. The United Arab Emirates is also India’s second largest export destination after the United States, with exports of approximately $ 29 billion in 2019-20.
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India, United Arab Emirates Starts Talks on Comprehensive Economic Partnership Agreement
Source link India, United Arab Emirates Starts Talks on Comprehensive Economic Partnership Agreement