World News | India, UAE Sign Comprehensive Economic Partnership Agreement
Get latest articles and stories on World at LatestLY. India and United Arab Emirates on Friday signed a Comprehensive Economic Partnership Agreement (CEPA) that will help bolster the strategic partnership and take bilateral economic and commercial engagement to the next level.
New Delhi [India], February 18 (ANI): India and United Arab Emirates on Friday signed a Comprehensive Economic Partnership Agreement (CEPA) that will help bolster the strategic partnership and take bilateral economic and commercial engagement to the next level.
CEPA was signed during a meeting between the Commerce and Industry Minister Piyush Goyal and UAE delegation led by Minister of Economy, Abdulla bin Touq Al-Marri and Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi.
Also Read | Prince Harry Lawyers Say He Feels Unsafe Bringing Kids to UK.
Piyush Goyal said in a tweet that both countries are "entering a golden era of economic and trade cooperation" with the signing of CEPA.
The negotiations of CEPA were launched in September last year. The agreement was signed ahead of the virtual meeting between Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed al Nahyan.
Also Read | Storm Eunice: Red Weather Alert Issued for Most of UK as Cyclonic Storm Hits England, Wales.
Both sides have collaborated closely during the COVID-19 pandemic in critical areas of healthcare and food security. Bilateral trade, investment and energy relations have remained robust. The two sides are also strengthening their cooperation in new areas of renewable energy, start-ups and fintech. India is participating with one of the largest pavilions in the Dubai Expo 2020.
UAE is India's third-largest trade partner, and bilateral trade and investment ties are expected to see significant enhancements. It hosts a large Indian community which numbers close to 3.5 million. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)