India And UAE Joint Press Statement On The Launch Of CEPA.
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♦ First round of Comprehensive Economic Partnership Agreement (CEPA) negotiations will be on 23 and 24 September.
♦ Both the countries will end the negotiations by December 2021.
♦ Once the negotiations are done, they will sign a formal agreement in March 2022 after completing the internal legal procedures and ratification.
♦ India and the UAE are each other’s largest trading partners. CEPA will help in improving the bilateral trade and investment flows.
♦ It will help with post-COVID economic recovery, economic growth and will create new job opportunities, boost living standards, and improve the general welfare of the people of both countries.