NEW DELHI: India and the UAE on Friday signed a comprehensive economic partnership agreement (CEPA) which will allow duty-free export of food products, textiles, gems and jewellery and pharma, while giving easier access for Indian professionals in high skill sectors to Emirates.
The deal with UAE, India’s third-largest trading partner after China and the US, signals the government returning to signing free trade agreements (FTAs) as it seeks to push exports and movement of Indian professionals. Given the growing bilateral ties, the agreement also signalled the strategic intent and also tap a possible gateway for exports to other countries in the region.
