Minister of Economy, Indian officials discuss economic cooperation under CEPA

• Published date: 19 May 2022
• Publication title: LETA

Abdullah bin Touq Al Marri, Minister of Economy, lauded the deep-rooted and historic relationship between the UAE and India, which was crowned by the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the two countries.

He made this statement during the visit of a high-level Emirati delegation to India after the CEPA entered into force on 1st May, 2022.

The delegation was headed by Bin Touq and included Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, and several Emirati officials and investors.

Bin Touq said the purpose of the visit is to closely cooperate with Indian partners in developing new initiatives and projects aimed at promoting trade, investment and knowledge exchange in strategic sectors.

Under this framework, Bin Touq and Al Falasi held several bilateral meetings with ministers and senior officials from the Indian government to discuss next steps.

Bin Touq met with Piyush Goyal, Minister of Commerce and Industry of India, to discuss ways of implementing the provisions of the agreement, and its key role in supporting the manufacturing sector and boosting bilateral trade and exports between the two countries.

"We are looking forward to enlarging the scope of our cooperation within the framework of the CEPA," Bin Touq said.

Goyal said the CEPA between the two countries will strengthen their economic cooperation. The visit of the Emirati delegation reflected the commitment of both governments to support growth and future cooperation.

Goyal also stressed that the joint objective of the two countries is to increase their bilateral trade to US$100 billion and service trade to US$15 billion.

Bin Touq also met with Jyotiraditya...