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Mumbai: The Comprehensive Economic Partnership Agreement (CEPA) — the trade pact between India and the UAE — will open doors to Indian labour and incentivise sectors such as textiles, gems, jewellery and leather, providing them access to the UAE market, commerce and industry minister Piyush Goyal said on Friday.
According to Goyal, the agreement, which came into effect on May 2, the CEPA was one of the fastest trade agreements to be signed between two countries. The summit also saw the launch of the India-UAE Startup Bridge as part of CEPA. The bridge would enable UAE investments into Indian startups and would provide UAE with the benefit of India’s experience in the sector. The bridge will facilitate joint training sessions for incubators in India and the UAE and will also provide market access information to startups on how to set up businesses in both countries and evaluate the feasibility of expanding their operations globally.
Speaking at the inaugural session of the Indo-UAE partnership summit hosted by CII, Goyal said, “India and UAE have huge potential to work together and the CEPA will significantly open the doors to a plethora of markets across the globe and help in building a future-ready, more robust and resilient bilateral partnership.”
Mumbai: The Comprehensive Economic Partnership Agreement (CEPA) — the trade pact between India and the UAE — will open doors to Indian labour and incentivise sectors such as textiles, gems, jewellery and leather, providing them access to the UAE market, commerce and industry minister Piyush Goyal said on Friday.
According to Goyal, the agreement, which came into effect on May 2, the CEPA was one of the fastest trade agreements to be signed between two countries. The summit also saw the launch of the India-UAE Startup Bridge as part of CEPA. The bridge would enable UAE investments into Indian startups and would provide UAE with the benefit of India’s experience in the sector. The bridge will facilitate joint training sessions for incubators in India and the UAE and will also provide market access information to startups on how to set up businesses in both countries and evaluate the feasibility of expanding their operations globally.
Speaking at the inaugural session of the Indo-UAE partnership summit hosted by CII, Goyal said, “India and UAE have huge potential to work together and the CEPA will significantly open the doors to a plethora of markets across the globe and help in building a future-ready, more robust and resilient bilateral partnership.”
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