INSUBCONTINENT EXCLUSIVE:
Piyush Goyal said that the India-UAE partnership will be a win-win for both the countries.Dubai: 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 the Indian market, 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 Expatriates, has a huge market for products like textiles, gems and jewellery, leather, footwear, and food
products, which are labour oriented and provide economic opportunities."I think the partnership will be a win-win for both the countries,"
the Commerce and Industry Minister told reporters.Both the sides have expressed a desire to reach a mutually beneficial economic deal and
aims to conclude negotiations by December 2021 and sign a formal agreement in March 2022 after the completion of internal legal procedures
and ratification.Talking about Dubai Expo 2020, Goyal said it is an outreach to the whole world to showcase a new India and emerging
technologically driven self-confident India.It would also showcase an India which will become an engine for growth for the whole world and
which is willing to engage with any competition on equal terms.He added that huge opportunities present in India would be showcased in the
Expo.Dubai Expo 2020, starting October 1, will be a significant platform for India to showcase its vibrant culture and tremendous growth
opportunities for the next six months.The India pavilion will be inaugurated by the Minister on Friday.In keeping with the themes of the
Expo, visitors will get a glimpse of Indian innovations and successes in the fields of space technology, robotics, electric mobility,
edu-tech, e-commerce, energy, cybersecurity, healthcare, cryptocurrency and blockchain.At a time when the whole world is coming together to
recover from the pandemic and bring growth back on track, a resurgent India is ready to take on the responsibility of being the frontrunner
robust India -- high on technology, while simultaneously exhibiting the beauty of Indian art, culture and cuisine during the 183-day
event.(This story has not been edited by TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)
