Business Standard

India eyes image makeover with UAE FTA deal in a record 88 days

India-UAE deal (signed last week) was comparitively easier than prospective complex ones with developed nations

UAE
Premium

India's Minister of Commerce and Industry, Piyush Goyal gestures as Abdulla Bin Touq Al Marri, Minister of Economy of the United Arab Emirates, (UAE) looks on during their joint news conference in New Delhi (Photo: Reuters)

Shreya Nandi New Delhi
At a time when India is negotiating ambitious trade deals with the United Kingdom, Australia and the European Union (EU), it seeks to signal an image makeover by signing a free-trade agreement (FTA) with the UAE in a record 88 days.

India had abandoned the China-backed Asian trade bloc Regional Comprehensive Economic Partnership (RCEP) and EU Bilateral Trade and Investment Agreement (BTIA). This came after years of negotiations had raised doubts about India’s appetite for any trade deal.

Experts said while India is putting across a clear message that it is keen to do trade deals now, negotiating pacts with developed nations,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 23 2022 | 6:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com