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
United States
Islamist Terrorism may end by 2030
WASHINGTON (TIP): A landmark US intelligence report released on Dec 10 says the “current Islamist phase of terrorism” might end by 2030, but violent terrorism itself is unlikely to die completely and might evolve into […]
Science & Technology
China blocks use of Intel and AMD chips in government computers
China has introduced guidelines to phase out U.S. microprocessors from Intel and AMD from government personal computers and servers, the Financial Times reported. The procurement guidance also seeks to sideline Microsoft’s Windows operating system and […]
Breaking News
Legislation introduced in US Senate to reform and stop abuse of H-1B visa system
WASHINGTON, D.C. (TIP): Seeking to comprehensively overhaul the H-1B and L-1 visa programs, a bipartisan group of influential senators have introduced a legislation in the US Senate, which they argued will protect American workers and […]
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