India and the United Arab Emirates (UAE) have formally launched negotiations on a Comprehensive Economic Partnership Agreement (CEPA) that aims at expanding bilateral trade and investment between the two nations.
The first round of CEPA negotiations will be held on Thursday and Friday. Both nations aim to sign a deal in six months.
A new strategic economic agreement between both nations is expected to increase bilateral trade in goods to $100 billion within five years of the agreement being signed and increase trade in services to $15 billion.
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