UAE Minister of Economy to lead high-level business delegation to India this week
The Hindu
With CEPA, India will benefit from preferential market access provided by the UAE
UAE Minister of Economy Abdulla bin Touq Al Marri 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.
UAE's Minister for 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.
The CEPA is expected to boost bilateral trade to USD 100 billion in the next five years, from USD 60 billion at present.
Under the trade agreement, domestic exporters in various sectors like textiles, agriculture, dry fruits, gems and jewellery are availing duty-free access to the UAE market.
The delegation would visit Delhi and Mumbai and will hold discussions with industry leaders.
While residents are worried over deaths due to diarrhoea in Vijayawada, officials still grapple to find the root cause. Contaminated drinking water supplied by VMC officials is the reason, insist people in the affected areas, but officials insist that efforts are on to identify the disease and that those with symptoms other than diarrhoea too are visiting the health camps.