(MENAFN- Trend News Agency)
A high-profile UAE delegation will visit India on Wednesday to
explore prospects of joint investment and cooperation within the
framework of the UAE-India Comprehensive Economic Partnership
Agreement (Cepa), Trend reports citing Khaleej
Times .
The visit aims to lay down sustainable mechanisms that empower
the business community in both countries to maximise their benefit
from the Cepa signed by the two countries in February 2022 and
effective from May 1.
The visit will also brief the UAE delegation about the
facilities and services that the historic Cepa will provide to
companies and businesses in both countries and the opportunities
for building new sustainable partnerships that will leverage
UAE-India relations to unprecedented levels across various economic
sectors.
The agenda will focus on priority sectors for cooperation that
remain key dynamic drivers for boosting ties: industrial
production, civil aviation, financial services, ICT, food security,
transport and infrastructure, logistical services, agri-technology,
entrepreneurship, and other future economic sectors.
In India, the delegation will hold a series of discussions with
Indian ministers, senior government officials, and private sector
leaders on the best ways to facilitate and double non-oil trade
exchange under Cepa.
The delegation will also hold expanded meetings with leading
Indian businessmen, entrepreneurs, and start-ups in New Delhi.
In Mumbai, Emirati and Indian public and private representatives
will gather for the UAE-India Economic Partnership Summit.
The UAE's delegation includes representatives of 41 government
and private entities, most notably: the Ministry of Economy,
Ministry of Foreign Affairs and International Cooperation, Ministry
of industry and Advanced Technology, General Civil Aviation
Authority, Abu Dhabi Department of Economic Development, Abu Dhabi
Chamber of Commerce and Industry, Dubai Department of Economy and
Tourism, DMCC, the Sharjah Investment and Development Authority
(Shurooq), and Ras Al Khaimah Economic Zones (RAKEZ), the
Department of Economic Development in Fujairah, the UAE
International Investors Council, Abu Dhabi Ports Group, Masdar, DP
World, Wizz Air Abu Dhabi, flydubai, Lulu Group International,
Sharaf Group, Kanoo Group, Silal Company, and others.
Abdullah bin Touq Al Marri, Minister of Economy, will lead the
delegation comprising UAE officials, including Dr Ahmed Al Banna
(UAE Ambassador to India) along with over 80 representatives from
government and private sectors.
India was the second-largest trading partner of the UAE in 2021.
It accounted for 9 per cent of the total volume of the UAE's trade
with the world, and 13 per cent of the UAE's non-oil exports, while
the non-oil foreign trade between the two countries in 2021 reached
Dh165 billion, a growth of 66 per cent compared to 2020.
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