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UAE and India to sign trade and investment deal on Friday

The United Arab Emirates and India will sign a trade and investment agreement on Friday during a virtual summit attended by the countries' two leaders, the UAE and Indian local media said.

Piyush Goyal, Minister of Commerce and Industry. (PTI photo)

Piyush Goyal, Minister of Commerce and Industry. (PTI photo)

Reuters DUBAI
DUBAI (Reuters) -The United Arab Emirates and India will sign a trade and investment agreement on Friday during a virtual summit attended by the countries' two leaders, the UAE and Indian local media said.
UAE de facto ruler Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi will witness the signing of the UAE-India Comprehensive Economic Partnership Agreement (CEPA), UAE state news agency WAM and several Indian newspapers reported.
India's foreign ministry spokesperson Arindam Bagchi told a news conference on Thursday he did not want to prejudge the outcome of the meeting between the two leaders, adding the ministry would make more information available on Friday.
"Relations with the United Arab Emirates have really seen a deepening and a transformation over the last few years," he said.
The agreement will "usher in a new era of economic cooperation and unlock greater avenues for trade and investment," WAM said late on Wednesday.
(Reporting by Alexander Cornwell in Dubai and Alasdair Pal in New Delhi; editing by Richard Pullin and Raissa Kasolowsky)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 17 2022 | 6:28 PM IST

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