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India-UAE Trade Deal Highlights: India and the United Arab Emirates (UAE) will firm up a Comprehensive Economic Partnership Agreement (CEPA) today during a virtual summit between Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed al Nahyan. This is the first major trade deal that has been implemented by the Modi government and whose negotiations have been completed in record time, having been officially launched in September 2021. The agreement will be signed by commerce and industry minister Piyush Goyal and the UAE’s minister of economy Abdulla bin Touq Al Marri. CEPA acts as a precursor to a major Free Trade Deal (FTA) between the oil-rich Gulf nation and India. The much anticipated virtual summit is taking place at a time when India is celebrating 75 years of independence and the UAE is marking its Year of The 50th which shall last till March 31, 2022.

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The pandemic impact on the free flow of goods has affected every aspect of economic life. It understood the importance of strong reliable transparent global supply chains. It challenged us to expand international trade ambitions: UAE Minister of Economy Abdulla bin Touq Al Marri
India and UAE are for rules-based fair trade and believe in engaging with each other in the spirit of reciprocity. We believe that businesses in both countries should benefit: Union Minister Piyush Goyal
Following the visit of LG of Jammu and Kashmir to the UAE, many UAE companies have shown interest in investing in the UT. We welcome investment by UAE in all sectors including logistics, healthcare, hospitality in J&K: PM Narendra Modi
I strongly condemn the recent terrorist attacks in UAE. India and UAE will stand shoulder to shoulder against terrorism: PM Narendra Modi at India-UAE virtual summit
We can encourage startups in India and UAE through joint incubation and joint financing. For the skill development of our citizens, we can also cooperate on modern institutions of excellence: PM Modi
During Covid crisis, you took care of Indian citizens in UAE. This year is of extreme importance for both countries. You will celebrate 50th year of the establishment of UAE & we start to celebrate the 75th anniversary of our freedom: PM Narendra Modi at India-UAE virtual summit
I am very happy that both our countries have signed the Comprehensive Economic Partnership Agreement today. It is noteworthy that India & UAE was able to conclude negotiations on such an important agreement in less than 3 months: PM Modi during India-UAE virtual summit
PM Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed al Nahyan hold a virtual summit
As part of the deal, anIndian Institute of Technology will be established in UAE. Along with that, a joint Hydrogen Taskforce will be established to scale up the technology.