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Free trade pact and the India-UAE growth story

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The upturn in India-UAE relations is an outcome of the Indian’s efforts to woo key players in West Asia, which it describes as part of the country’s “extended neighbourhood”

The speed with which India and the United Arab Emirates (UAE) negotiated a free trade pact in a period of little more than three months reflects the dramatic growth of their relations in spheres ranging from security to agriculture in recent years.

Work on the comprehensive economic partnership agreement (CEPA), to be signed during a virtual summit on Friday, began in September last year and was largely completed by December. In much the same way, relations between the two countries moved into high gear after Prime Minister Narendra Modi’s visit to the UAE in 2015, the first by an Indian head of government in 34 years.

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Complete News Source : Hindustan Times

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