NEW DELHI: The Comprehensive Economic Partnership Agreement (CEPA), which was signed by the two countries in February, and became effective in May, also opens the door for tripartite cooperation with Indian businesses using the UAE as a base to enter the Israeli market, Al Marri said in an interview.
Describing the CEPA as the first part of the UAE's "bold new foreign trade policy designed to re-engineer our economy for the next 50 years", he said the agreement is expected to add $9 billion to the UAE's GDP by 2030, and to "fuel the growth of UAE-India non-oil trade to exceed $100 billion from the current $40 billion within five years of the signing of the agreement".
The forward-looking agreement also has scope for the inclusion of new elements. "This is a flexible deal.
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BOTH ALLIANCES UNVEIL WELFARE SCHEMES DAYS BEFORE VOTING
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Canadian crisis, India's headache
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