Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

UAE, India Mark 1st Anniv. of Signing CEPA with Series of Events

Sat 18 Feb 2023 | 07:15 PM
By Ahmad El-Assasy

A delegation from The Federation of Indian Chambers of Commerce and Industry (FICCI) made up of more than 100 exporters, start-ups, and company owners was met by Al Zeyoudi on Friday, according to Gulf Today.

The group had gone on a four-day trip to the UAE to commemorate the CEPA's anniversary as well as to scout the market, network with buyers, and locate prospective new clients.

In his remarks to the delegates, Dr. Al Zeyoudi hailed the Federation's work in realising India's economic goals over the past century and creating the commercial ties that made the CEPA last year possible.

“The UAE-India Comprehensive Economic Partnership Agreement is another step on a journey that first began with our foundation as a united, independent nation in 1971. And it’s remarkable how far we have both come. There is, in my mind, no better model of international cooperation than this modern, flexible and mutually beneficial deal, and I look forward greater collaboration and innovation as we begin to realise its full potential.”

Also speaking at the event was India’s Ambassador to the UAE, Sunjay Sudhir, who heralded the anniversary as a reflection of UAE-India ties.

“This is truly the golden era of our relationship, which have in many ways run in parallel over the last half century. The CEPA underlined how important our economies are to each other, and how much we look to the other for inspiration, support and opportunity. "

"The impact of the CEPA is already being felt, but it’s clear we are only at the very beginning of this exciting new chapter.”Nirankar Saxena, Deputy Secretary General of FICCI, underscored how importance of the UAE to the Indian business community.

“The relationship between the UAE and India is both long-standing and deeply intertwined, and the Comprehensive Economic Partnership Agreement has now added an important new dimension." 

"It has already opened the door to exciting new opportunities and is enabling the private sectors in both countries to innovate, scale and expand - not just regionally but globally.”

Afterwards, he was present in Dubai for the opening of the UAE Chapter of the UAE-India Business Council.

The UAE-India Business Council (UIBC) was founded in New Delhi in September 2015 to act as a catalyst for private sector cooperation between the two countries and to help UAE companies easily expand into India's expanding market.