India, UAE free trade pact holds huge potential to boost trade, investment: Goyal
The Hindu
"I think the partnership will be a win-win for both the countries."
The proposed free trade agreement between India and the UAE holds huge potential for both the countries to boost trade and investment and the investors here are "very" positive about doing business in New Delhi, Union minister Piyush Goyal said on Friday.
Last month, India and the United Arab Emirates (UAE) formally launched negotiations on the pact, officially dubbed as Comprehensive Economic Partnership Agreement (CEPA).
"I see a huge potential in this (FTA) between the two countries. The UAE is a gateway to all of Africa and many other parts of the world. UAE also has a huge Indian diaspora, has a huge market for products like textiles, gems and jewellery, leather, footwear, and food products, which are labour oriented and provide economic opportunities.
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