Biggest bilateral trade pact between India, UAE comes into force
2 years, 7 months ago

Biggest bilateral trade pact between India, UAE comes into force

The Hindu  

The India-UAE Comprehensive Economic Partnership Agreement, the biggest bilateral trade pact between the two major economies, was activated on Sunday. “The aforementioned consignment which will now attract zero customs duty under this Agreement is expected to reach Dubai today, 01, May, 2022,” declared a statement from the Ministry of Commerce and Industry. The India-UAE CEPA is the first of the major bilateral trade pacts that India has been negotiating to kickstart international trade in the post-COVID-19 scenario. He further stated that India was negotiating trade pacts with “complementary economies” and that negotiations are currently underway with the U.K., the European Union and Canada.

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History of this topic

Leverage historical ties for new areas of co-operation
3 months, 2 weeks ago

Leverage historical ties for new areas of co-operation

Hindustan Times  

Recent years have witnessed a range of watershed moments in the United Arab Emirates -India bilateral relationship. New Delhi, Sep 9 : Prime Minister Narendra Modi meets with Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, at Hyderabad House, in New Delhi on Monday. The official visit to India of Sheikh Khaled bin Mohamed bin Zayed …

India, UAE Sign Pact To Operationalise India-Middle East-Europe Corridor
10 months, 1 week ago

India, UAE Sign Pact To Operationalise India-Middle East-Europe Corridor

ABP News  

Coinciding with Prime Minister Narendra Modi’s visit to the Gulf region, India and the UAE have inked a pact for quickly operationalising the ambitious India-Middle East-Europe Economic Corridor despite the repeated Houthi strikes on vessels in the Red Sea prompted by the Israel-Hamas war. The India-Middle East-Europe Economic Corridor, which will connect India, the United Arab Emirates, Saudi Arabia, Jordan, …

India, UAE sign pact for possible energy grid connectivity between two countries
11 months, 2 weeks ago

India, UAE sign pact for possible energy grid connectivity between two countries

Firstpost  

Foreign Secretary Vinay Kwatra said on Wednesday that India and the United Arab Emirates have signed a deal to explore the establishment of grid connectivity between the two countries. “There is an inherent thought of possible grid connectivity between India and the UAE in that space,” the foreign secretary told reporters as he was speaking about the agreements signed between …

‘India, UAE can broaden economic ties’
1 year, 2 months ago

‘India, UAE can broaden economic ties’

Live Mint  

India and the United Arab Emirates are looking to identify and incorporate commodities to diversify trade between the two countries, UAE ambassador to India 8said in an interview. He added that India, Europe, and the Middle East MoU for the India-Middle East-Europe Economic Corridor could potentially reduce shipping costs and facilitate efficient trade in goods and services. India, Europe, and …

Trade is at the heart of the India-UAE relations
1 year, 3 months ago

Trade is at the heart of the India-UAE relations

Hindustan Times  

Later this week, New Delhi will host the most significant global forum in its history. UAE President Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi pose for a photograph during an official visit reception at Qasr Al Watan, Abu Dhabi, UAE, July 15, 2023. In 2017, the UAE-India relationship was formally elevated to a Comprehensive Strategic …

We want to make it easier for Indians to be able to travel into UAE or elsewhere: UAE envoy
1 year, 5 months ago

We want to make it easier for Indians to be able to travel into UAE or elsewhere: UAE envoy

The Hindu  

In an interview to The Hindu, UAE Ambassador to India Abdulnasser Alshaali says trade is growing, but travel between the two countries is held up by Air Service Agreement impasse. And that would definitely, as a result, encourage traders to do more business because it’s just much easier to set up their trade in whatever currency that they prefer in …

India and UAE set to use rupee, dirham for trade
1 year, 5 months ago

India and UAE set to use rupee, dirham for trade

The Hindu  

India on Saturday moved a step closer to increasing circulation of the rupee in the Gulf region with the signing of two memoranda of understanding between the Reserve Bank of India and the Central Bank of the United Arab Emirates. The first agreement between the RBI and the UAE Central Bank will establish a framework to “promote the use of …

India-UAE trade pact boosts exports to $31.3 billion in 2022-23
1 year, 7 months ago

India-UAE trade pact boosts exports to $31.3 billion in 2022-23

The Hindu  

Exports from India to the UAE have grown at almost 12% in 2022-23 to hit $31.3 billion, more than double the 5.3% growth in India’s overall exports, thanks to the implementation of the bilateral trade pact last May, the Commerce Ministry said on Monday. “During the CEPA Implementation period, bilateral trade increased from $67.5 billion a year earlier to $76.9 …

India, Australia agree for early conclusion of talks to expand trade pact; eye $100-billion trade
1 year, 9 months ago

India, Australia agree for early conclusion of talks to expand trade pact; eye $100-billion trade

The Hindu  

India and Australia on Saturday expressed their commitment for concluding the negotiations for expanding the scope of existing free trade agreement by the end of this year with an aim to push the bilateral trade to $100 billion. After the first India-Australia summit talks here on March 10 on a range of key issues, PM Albanese has said that both …

India looking at multilateral agreements that are fair, equitable for all sides: Piyush Goyal
1 year, 11 months ago

India looking at multilateral agreements that are fair, equitable for all sides: Piyush Goyal

The Hindu  

Negotiations for bilateral free trade agreements with several countries are "well on track" and India is also looking at some multilateral pacts that are fair and equitable for all the member countries, Commerce and Industry Minister Piyush Goyal said on January 7. The country is negotiating FTAs with countries including Canada, European Union and the U.K. "We are well on …

India and Bangladesh to start discussion on trade pact at an early date
2 years ago

India and Bangladesh to start discussion on trade pact at an early date

The Hindu  

India and Bangladesh on Thursday agreed to start discussion on a Comprehensive Economic Partnership Agreement at “an early date”. The decision was arrived at during a formal meeting between Commerce and Industry Minister Piyush Goyal and his visiting counterpart from Bangladesh Tipu Munshi in which the Bangladesh delegation urged India to avoid frequent disruption in export of essential commodities to …

India, Bangladesh to soon start talks for free trade pact. Details here
2 years ago

India, Bangladesh to soon start talks for free trade pact. Details here

Live Mint  

With an aim to boost twi-way commerce and investments, India and Bangladesh on Thursday agreed to start negotiations for a free trade agreement at an early date. A joint feasibility study on the agreement, officially dubbed the Comprehensive Economic Partnership Agreement, has been carried out after the two countries agreed to explore the possibility of negotiating a trade pact, as …

India, UAE central banks discuss rupee, dirham trade
2 years ago

India, UAE central banks discuss rupee, dirham trade

The Hindu  

The Central banks of India and UAE are discussing a concept paper on promoting bilateral trade in rupee and dirham with a view to reduce transaction cost, a top official said on Friday. India and the UAE had already signed a free trade agreement in February to give a fillip to bilateral trade and economic ties. The free trade agreement …

Indian embassy in UAE takes steps to increase utilisation of free trade agreement
2 years, 1 month ago

Indian embassy in UAE takes steps to increase utilisation of free trade agreement

India TV News  

According to sources, the commerce department and the Indian embassy in the UAE is taking a series of steps such as organising buyer-seller meets and encouraging states to organise road shows to increase the utilisation of the free trade agreement between the countries. Speaking at the media briefing, Indian Ambassador to the UAE Sunjay Sudhir said that states are being …

India invites UAE as guest country for 2023 G20 Summit in New Delhi
2 years, 1 month ago

India invites UAE as guest country for 2023 G20 Summit in New Delhi

India Today  

As president and host of the G20 summit to be held in 2023, India has invited the United Arab Emirates as a special invitee to the summit in New Delhi. This message was conveyed by the External Affairs Minister, Dr. S Jaishankar to the United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan during their bilateral talks in …

Trade pact a step closer as Australia parliament gives nod to India deal
2 years, 1 month ago

Trade pact a step closer as Australia parliament gives nod to India deal

Hindustan Times  

The India-Australia trade agreement is expected to be operational by early 2023 as both sides are expeditiously completing formalities – while New Delhi has sent the pact for Presidential assent, Australian Prime Minister Anthony Albanese on Tuesday tweeted that it has “passed though” Australian parliament. The passage of legislation demonstrates Australia’s commitment to free trade and the rules-based trading system, …

India, GCC group likely to start free trade pact negotiations next month
2 years, 1 month ago

India, GCC group likely to start free trade pact negotiations next month

The Hindu  

India and the Gulf Cooperation Council member countries are expected to start negotiations for a free trade agreement next month with an aim to boost economic ties between the two regions, an official said. According to experts, the GCC region holds huge trade potential and a trade agreement would help in further boosting India's exports to that market. Mumbai-based exporter …

Setting Up IIT in UAE, Linking of Payment Platforms: India, UAE Hold 14th Joint Commission Meeting
2 years, 3 months ago

Setting Up IIT in UAE, Linking of Payment Platforms: India, UAE Hold 14th Joint Commission Meeting

News 18  

Union minister for external affairs Dr. S Jaishankar met UAE foreign minister Sheikh Abdullah bin Zayed Al Nahyan in Abu Dhabi on Thursday for the 14th India-UAE Joint Commission Meeting. A very productive meeting of the 14th India-UAE Joint Commission.Thank HH Sheikh Abdullah bin Zayed Al Nahyan for co-chairing it.Assessed the significant progress made in multiple domains of cooperation. pic.twitter.com/LfxfX7MWKL …

Talks on free trade agreement with U. K. moving at faster pace: Piyush Goyal
2 years, 4 months ago

Talks on free trade agreement with U. K. moving at faster pace: Piyush Goyal

The Hindu  

Negotiations for the proposed free trade agreement between India and the U. K. is progressing at a faster pace, Commerce and Industry Minister Piyush Goyal said on August 9. India has signed a trade pact with the UAE in a "record" time and "now our talks with the U. K. is moving at a faster pace", Mr. Goyal said. In …

Modi in UAE: Why India Is in a Unique Position in Middle Eastern Quad
2 years, 5 months ago

Modi in UAE: Why India Is in a Unique Position in Middle Eastern Quad

The Quint  

Shortly before these visits, Israel was in the headlines for signing a free trade agreement with the UAE, whose pragmatic leader Sheikh Mohamed bin Zayed had shaken up regional geopolitics when his country became the first Gulf state and only the third Arab state to normalise relations with Israel in 2020. Just before this agreement, the UAE had entered into …

UAE-India: Towards greater strategic partnership
2 years, 7 months ago

UAE-India: Towards greater strategic partnership

Hindustan Times  

The baton of leadership has officially been passed on in the United Arab Emirates with the demise of the UAE president and ruler of Abu Dhabi, Sheikh Khalifa bin Zayed Al Nahyan, on May 13,2022. India and UAE share a very close relationship, built on a strong foundation of brotherhood, trade, energy security, security and people to people ties. The …

Historic India-UAE trade pact effective from May 1: Minister
2 years, 8 months ago

Historic India-UAE trade pact effective from May 1: Minister

The Hindu  

The historic Comprehensive Economic Partnership Agreement between India and the UAE will come into effect on May 1, an Emirati minister said on April 21. Minister of State for Foreign Trade Thani Al Zeyoudi, took to Twitter to announce that India and the UAE’S Comprehensive Economic Partnership Agreement will come into effect on May 1. CEPA, a comprehensive path-breaking trade …

Turning to trade winds: The Hindu Editorial on India-UAE Comprehensive Economic Partnership Agreement
2 years, 10 months ago

Turning to trade winds: The Hindu Editorial on India-UAE Comprehensive Economic Partnership Agreement

The Hindu  

A little over two years after it turned its back at the last minute on a major multilateral trade agreement it had spent years negotiating, India last week announced the signing of a Comprehensive Economic Partnership Agreement with the United Arab Emirates. The free trade pact is a tacit acknowledgment that India needs to strengthen its trade ties with existing …

Explainer - India-UAE CEPA
2 years, 10 months ago

Explainer - India-UAE CEPA

The Hindu  

The story so far: On February 18, 2022, India and the United Arab Emirates inked a trade pact, Comprehensive Economic Partnership Agreement during a virtual summit led by Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan. The Comprehensive Economic Partnership Agreement is a bilateral trade pact that will cover over a period …

India and the UAE are partners in prosperity
2 years, 10 months ago

India and the UAE are partners in prosperity

Hindustan Times  

This week was a historic moment for the United Arab Emirates and India. Moreover, the UAE and India signed a Comprehensive Strategic Partnership Agreement in January 2017 to set out an ambitious roadmap for political and economic cooperation. First, it will trigger increased investment flows, lower tariffs, and create enormous new opportunities for key sectors in both India and the …

India-UAE CEPA Will Lead to Glorious, Shared Future: EAM Jaishankar
2 years, 10 months ago

India-UAE CEPA Will Lead to Glorious, Shared Future: EAM Jaishankar

News 18  

External Affairs Minister S Jaishankar said the Comprehensive Economic Partnership Agreement signed between India and the UAE on Friday marked a milestone in the bilateral ties, which will lead to a glorious, shared future and enhanced investments. The path-breaking trade agreement was signed during a virtual summit between Prime Minister Narendra Modi and Abu Dhabi Crown Prince Sheikh Mohamed bin …

India, UAE sign trade agreement to boost economic ties
2 years, 10 months ago

India, UAE sign trade agreement to boost economic ties

The Hindu  

India and the United Arab Emirates signed a bilateral “comprehensive” trade pact on Friday. Announcing the Comprehensive Economic Partnership Agreement, the biggest trade pact of the last seven years, Prime Minister Narendra Modi welcomed investment from the Gulf country into Jammu and Kashmir and said the initiative would open new routes for regional trade and connectivity and advance “collective interests” …

Fastest FTA, India's First Comprehensive Deal in a Decade. All You Need to Know About Pact with UAE
2 years, 10 months ago

Fastest FTA, India's First Comprehensive Deal in a Decade. All You Need to Know About Pact with UAE

News 18  

India and United Arab Emirates signed a historic pact called the Comprehensive Economic Partnership Agreement, which is being considered the fastest free trade agreement between any two countries in a record time of three months. India’s particularly labour-intensive industries will have substantial net gains through this trade pact: gems and jewellery, textiles, leather, footwear, sports goods, plastics, furniture, agricultural and …

India, UAE sign free trade agreement CEPA to boost economic ties
2 years, 10 months ago

India, UAE sign free trade agreement CEPA to boost economic ties

Firstpost  

It is expected that the CEPA will lead to increase in bilateral trade from the current USD 60 billion to USD 100 billion in the next five years, according to an official release New Delhi: India and the UAE on Friday signed a free trade agreement to give a fillip to bilateral trade and economic ties. The agreement, dubbed as …

India-UAE Sign Trade Pact, PM Modi Says Bilateral Business Expected To Rise To $100 Bn In 5 Yrs
2 years, 10 months ago

India-UAE Sign Trade Pact, PM Modi Says Bilateral Business Expected To Rise To $100 Bn In 5 Yrs

ABP News  

New Delhi: Prime Minister Narendra Modi on Friday said that the India-UAE Comprehensive Economic Partnership Agreement will be a game-changer in the nations' economic ties. The statement came as PM Modi and Crown Prince of Abu Dhabi, Sheikh Mohamed bin Zayed al Nahyan, held a virtual summit to sign the India-UAE trade pact. Talking about the trade pact, PM Modi …

India-UAE To Sign CEPA Today, Aims To Double Trade To $100 Billion In 5 Years
2 years, 10 months ago

India-UAE To Sign CEPA Today, Aims To Double Trade To $100 Billion In 5 Years

ABP News  

New Delhi: With an aim to boost trade ties, India and the United Arab Emirates will sign a Comprehensive Economic Partnership Agreement today. The agreement most likely will be signed after Prime Minister Narendra Modi and the Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed al Nahyan's virtual summit today. In September last year, both the countries had formally …

PM Modi and Crown Prince of Abu Dhabi to announce India-UAE trade pact
2 years, 10 months ago

PM Modi and Crown Prince of Abu Dhabi to announce India-UAE trade pact

The Hindu  

India and the United Arab Emirates will sign the first ever bilateral Free Trade Agreement between the two countries on Friday. The FTA — Comprehensive Economic Partnership Agreement — is expected to be in focus during a virtual summit between Prime Minister Narendra Modi and the Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed al Nahyan. Energy ties Sources …

India, UAE to Sign Comprehensive Trade Pact During Summit Between PM Modi, Abu Dhabi Crown Prince Tomorrow
2 years, 10 months ago

India, UAE to Sign Comprehensive Trade Pact During Summit Between PM Modi, Abu Dhabi Crown Prince Tomorrow

News 18  

India and the United Arab Emirates will firm up a Comprehensive Economic Partnership Agreement on Friday during a virtual summit between Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed al Nahyan. Making an announcement on the summit, the Ministry of External Affairs said on Wednesday that both leaders are expected to lay out their …

India, UAE To Sign Comprehensive Trade Pact On Friday
2 years, 10 months ago

India, UAE To Sign Comprehensive Trade Pact On Friday

ABP News  

New Delhi: India and the United Arab Emirates will firm up a Comprehensive Economic Partnership Agreement on Friday during a virtual summit between Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed al Nahyan. Making an announcement on the summit, the Ministry of External Affairs said on Wednesday that both leaders are expected to lay …

Negotiations on India-UAE CCPA Complete; Could Be Signed Soon: UAE Envoy
2 years, 10 months ago

Negotiations on India-UAE CCPA Complete; Could Be Signed Soon: UAE Envoy

News 18  

India and the United Arab Emirates have agreed on all the elements of the proposed Comprehensive Economic Partnership Agreement and it could be signed very soon, the ambassador of the Gulf nation Ahmed AlBanna said on Thursday. AlBanna said the UAE will continue to stand as a committed partner for India’s energy needs and that the partnership between the two …

India working on FTAs with UAE, five others: Goyal
3 years ago

India working on FTAs with UAE, five others: Goyal

Hindustan Times  

India is working on at least six free trade agreements, including one with the United Arab Emirates that can create a gateway for Indian trade to the Middle East and Africa and New Delhi may set up a huge India Mart in Dubai to tap that market, commerce minister Piyush Goyal said on Friday. Speaking at the annual convention of …

UAE, South Korea to Launch Free Trade Talks
3 years, 2 months ago

UAE, South Korea to Launch Free Trade Talks

News 18  

The United Arab Emirates and South Korea on Thursday agreed to start negotiations on a bilateral trade deal targeting a broad expansion of economic ties. The UAE last month announced it would seek economic agreements with South Korea and seven other countries including India, Britain and Turkey. The Comprehensive Economic Partnership Agreement between the UAE and South Korea will include …

India, UAE Plan to Lift Bilateral Trade to $100 Billion in 5 Years Via New Pact
3 years, 3 months ago

India, UAE Plan to Lift Bilateral Trade to $100 Billion in 5 Years Via New Pact

News 18  

India and United Arab Emirates plan to conclude a Comprehensive Economic Partnership Agreement by the end of the year with the aim to lift trade between the two countries by 70% in five years, trade ministers of both countries said. India’s Trade Minister Piyush Goyal said on Wednesday both countries would also aim to sign an ”early harvest” trade deal …

U.S. not interested in trade pact: Piyush Goyal
3 years, 4 months ago

U.S. not interested in trade pact: Piyush Goyal

The Hindu  

Hopes of an India-U.S. trade pact are off the table for now, with the Joe Biden administration conveying to India that it is not interested in a free trade agreement, Commerce and Industry Minister Piyush Goyal said on Thursday. The minister also said that India has begun working on an FTA with Bangladesh, and is close to sealing an early …

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