India And UAE Joint Press Statement On The Launch Of CEPA.

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24 September 2021 Current Affairs:Joint Press Statement was released by Union Minister Piyush Goyal and UAE Minister of State for Foreign Trade Dr Thani bin Ahmed Al Zeyoudi On the launch of the Comprehensive Economic Partnership Agreement (CEPA)

Highlights:
♦ 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.

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