New Delhi (TIP)-India and the UAE signed a free trade agreement (FTA) coinciding with a virtual summit between Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan on Friday, Feb 18. The first FTA — a Comprehensive Economic Partnership Agreement — in 10 years and the first by the Modi government was signed by Commerce Minister Piyush Goel and UAE Minister of Economy Abdulla bin Touq Al Marri at a ceremony here. Earlier, the PM and Sheikh Mohammed issued a Joint Vision Statement in which they agreed to enhance maritime cooperation, jointly fight against extremism and terrorism, including cross-border terrorism, increase bilateral trade from $60 billion to $100 billion in five years and promote energy cooperation. Two MoUs signed between Indian and UAE entities were also announced. One MoU between APEDA and DP World and Al Dahra was for a “food security corridor initiative’ while another was between Gift City and Abu Dhabi Global Market on cooperation in financial projects and services. Source: TNS
Related Articles
World
China bans seafood from Japan after Fukushima nuclear plant begins its wastewater release
OKUMA (TIP): The tsunami-wrecked Fukushima Daiichi nuclear power plant began releasing its first batch of treated radioactive water into the Pacific Ocean on August 24 — a controversial step that prompted China to ban seafood […]
Bollywood
Matrix star Carrie-Anne Moss says she was offered grandmother’s role at 40
Matrix star Carrie-Anne Moss says she experienced Hollywood’s double standards on ageing firsthand when she was offered the role of a grandmother the day after she turned 40. Moss spoke about her experience while moderating […]
Sports News
Man City owner buys oldest surviving FA Cup trophy
Manchester (TIP): The owner of Manchester City has bought the oldest surviving FA Cup trophy, which the club won in 1904 for the first piece of silverware in its history. The cup — used in […]

1 Trackback / Pingback