The United Arab Emirates (UAE), which is considered a political ally of Pakistan, has brought very good news for India. UAE Trade Minister Thani bin Ahmed Al Zeyoudi, who is considered close to Pakistan, has expressed great appreciation for India’s warm relations. UAE’s relationship with India is beyond any agreement, he said. Along with this, he will also visit India from May 12-15 with his three associate ministers and business delegations to increase trade with India.
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In truth, the India-UAE Comprehensive Economic Partnership Agreement (CEPA) was signed in February this year to facilitate trade between the countries. The purpose of this agreement is to accelerate trade between the two countries. Under the agreement, the trade between India and UAE is expected to increase to $250 billion US dollars by 2030. In praising this agreement, UAE Trade Minister Thani bin Ahmed Al Zeyoudi has said that the relations between India and the United Arab Emirates (UAE) go beyond agreements. In addition, he praised this agreement and said that I do not see any bigger agreement than this.
Additionally, he noted that the India-UAE Comprehensive Economic Partnership Agreement (CEPA) was the largest deal we have ever signed. Along with this, he added, if in the future we feel the need to modify, we will do so as well. As a result of the agreement, Zaydi said that a large business delegation and three ministers will be visiting India from May 12-15. During this time, there will be an additional discussion about how we can get the most benefit from this agreement.
Piyush Goyal, Union Commerce Minister, also called the agreement important
In the same vein, Union Commerce Minister Piyush Goyal said in the India-UAE Comprehensive Economic Partnership Agreement (CEPA) that our partnership with UAE is economic, strategic, and geopolitical. If we are to leverage this partnership effectively, we must redefine our goals and search for a broader canvas. He said that after this agreement, UAE-India trade will reach the US $ 250 billion by 2030.
A CEPA agreement was signed in February
A comprehensive economic partnership agreement was signed between India and the UAE in February this year that aims to increase bilateral trade between the two countries to US$ 100 million over the next five years. An agreement on this was reached during the virtual summit between Prime Minister Narendra Modi and Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan.
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