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India-UAE Trade Deal Highlights : Negotiations were concluded in less than 3 months, says PM Modi

India-UAE Trade Deal Highlights: The CEPA is likely to include areas like trade, investment, goods and services. UAE is India's third-largest trade partner, and bilateral trade and investment ties are expected to see significant enhancements, through this deal.

February 18, 2022 / 21:13 IST

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.

  • India UAE sign the Comprehensive Economic Partnership Agreement
    Moneycontrol.com
  • February 18, 2022 / 21:11 IST

    This LIVE blog session has concluded. For the latest news, views and updates, stay logged-on to Moneycontrol.

  • February 18, 2022 / 20:48 IST

    India UAE Trade Deal Updates | Pandemic challenged us to expand international trade ambitions : UAE Minister of Economy Abdulla bin Touq Al Marri

    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

  • February 18, 2022 / 20:46 IST

    India UAE Trade Deal Updates | 

    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

  • February 18, 2022 / 20:32 IST

    India UAE Trade Deal Updates | We welcome investment by UAE in all sectors including logistics, healthcare, hospitality in J&K : PM Modi

    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

  • February 18, 2022 / 20:30 IST

    India UAE Trade Deal Updates | Strongly condemn the recent terrorist attacks in UAE : PM 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

  • February 18, 2022 / 20:29 IST

    India UAE Trade Deal Updates | Can encourage startups in India and UAE through joint incubation: PM Modi

    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

  • February 18, 2022 / 20:28 IST

    India UAE Trade Deal Updates | UAE took care of Indian Citizens during COVID Crisis: 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

  • February 18, 2022 / 20:24 IST

    India UAE Trade Deal Updates | Happy that both countries signed the CEPA today: PM Modi

    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

  • February 18, 2022 / 20:23 IST

    India UAE Trade Deal Updates | 

    PM Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed al Nahyan hold a virtual summit

  • February 18, 2022 / 19:57 IST

    India UAE Trade Deal Updates | IIT to be established in UAE 

    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.

  • February 18, 2022 / 19:53 IST

    India UAE Trade Deal Updates | Joint Statement Issued by India & UAE 

    • The deal will boost bilateral trade to $100 billionin 5 years
    • It will expedite work on a dedicated investment zone for UAE companies
    • Joint ventures will focus on setting up a food corridor
    • A dedicated India Mart will be there inJebel Ali Free Zone
    • The partnership will support energy transition and work on low carbon future
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