Third round of India-UAE free trade agreement to start on December 6
New Delhi: The third round of CEPA negotiations between India and the United Arab Emirates are due to be held in New Delhi from December 6 to 10 and the two sides aim to conclude the negotiations, the Ministry of Trade and Industry said on Friday in a statement.
Union Trade and Industry Minister Piyush Goyal on Friday met representatives of the aluminum, copper, chemicals and petrochemicals industry as part of ongoing multi-stakeholder consultations linked to the negotiations of the Comprehensive Economic Partnership Agreement (CEPA) between India and the United Arab Emirates.
Piyush Goyal briefed industry representatives on the importance of CEPA in improving overall economic and trade relations with the UAE, which in turn will not only benefit bilateral trade but also create new jobs. and provide broader social and economic opportunities.
Providing a way forward for these discussions, Goyal appreciated the accommodating spirit of the industry and urged industry representatives to continue to support CEPA negotiations in the same spirit in the broader interest of the nation. contributing to the holistic development of multisectoral economic value. channels in the country.
The Minister also highlighted the potential benefits of the envisaged CEPA agreement for labor-intensive industries as well as the many complementary economic benefits, including increased investment, job creation and business opportunities. ‘use.
In addition, industry representatives were also briefed on the strategic importance of the agreement which encompasses deeper bilateral economic engagement and broader market access.
Stakeholders expressed their gratitude to the Minister for taking into consideration the concerns of Indian industry and provided constructive contributions on this issue with a view to ensuring a balance between market access and national sensitivities.