India, UAE Enter Into New Agreements Under Comprehensive Trade Deal
In a significant development, India and the UAE have expanded their strategic partnership through a series of new agreements, aiming to bolster their economic and diplomatic ties. The centerpiece of these agreements is the Comprehensive Economic Partnership Agreement (CEPA), which both nations signed recently. This landmark agreement is expected to elevate bilateral trade from the current $60 billion to $100 billion over the next five years. CEPA will play a pivotal role in enhancing trade relations by eliminating duties on over 90% of traded goods, thus facilitating smoother commerce between the two countries. On September 9th, 2024, Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan visited Rajghat in New Delhi, where he planted a sapling at the memorial site dedicated to Mahatma Gandhi. This gesture marks the third generation of UAE leaders to honor this tradition, following in the footsteps of his predecessors, UAE's President Sheikh Mohamed bin Zayed Al Nah...