UAE economy minister leads delegation to India

UAE economy minister leads delegation to India

The visit, from May 11-15, assumes significance as both the countries have implemented the Comprehensive Economic Partnership Agreement (Cepa) on May 1

Abdulla bin Touq Al Marri, UAE’s Minister of Economy.

Published: Mon 9 May 2022, 5:35 PM

Abdulla bin Touq Al Marri, UAE’s Minister of Economy, will be leading a high-level business delegation to India this week to discuss ways to further promote trade and investments between the two countries, an official said.

The visit, from May 11-15, assumes significance as both the countries have implemented the Comprehensive Economic Partnership Agreement (Cepa) on May 1.

The UAE Minister for Small and Medium Enterprises Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises is also part of the delegation.

“It will be an important visit as we have implemented the free trade pact,” the official said. Cepa is expected to boost bilateral trade to $100 billion in the next five years from $60 billion at present.

The agreement, which came into force on May 1, will help India, a traditional trade partner of the UAE, succeed in further promoting ‘Make in India; Market to the World’ initiative and encourage OEM manufacturing of jewellery in the country for global brands in addition