Tag : India-UAE

New Delhi (The Hawk): Today in Mumbai, the United Arab Emirates and India held their tenth meeting of their High Level Joint Task Force on Investments. He was co-chaired by His Highness Sheikh Hamed bin Zayed Al Nahyan, Member of the Executive Council of the Emirate of Abu Dhabi, and Shri Piyush Goyal, Minister of Commerce & Industry, Government of India. The UAE-India Joint Task Force was set up in 2013 to facilitate business and investment opportunities for both countries. Shri. Narendra Modi, Prime Minister of India, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, held a virtual summit in February 2022 during which they signed the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and unveiled the Joint UAE-India Vision Statement. The Comprehensive Economic and Partnership Agreement (CEPA) is a landmark trade agreement that promises to revolutionise economic, trade, and investment ties between the two countries and boost economic growth. These two landmark agreements outline a specific path for the two countries to speed up their efforts to strengthen their Comprehensive Strategic Partnership. When the historic India-UAE CEPA went into effect in May 2022, the co-chairs of the Joint Task Force noted positive early trends in bilateral trade between the two countries. The co-chairs emphasised the importance of taking full advantage of the thriving commercial environment made possible by CEPA. The co-chairs also mentioned the CEPA Joint Committee and related sub-committees that have been established. The India and UAE delegations discussed the current state of the treaty's negotiations. There have been a total of 12 rounds of talks so far. Recognizing that much more could have b ...