India-UAE trade deal must be followed up
India-UAE on February 18 signed the comprehensive economic partnership agreement with a view to boosting bilateral trade in goods to USD 100 billion over a 5 year period and creation of lakhs of jobs
The CEPA signed between India and the UAE will give a big boost to the gems and jewellery sector and help create more than one million jobs, Commerce Secretary B V R Subrahmanyam said on Saturday.
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 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 and UAE have collaborated closely during the Covid pandemic in critical areas of healthcare and food security
The proposed free trade agreement is aimed at enhancing economic ties between the two countries
The two countries agreed to finalise the CEPA upgrading negotiations at the earliest date in 2019
India had a trade deficit of about $10 billion with South Korea in 2015-16