India-uae Pact

PM Modi discusses India-Middle East-Europe corridor with UAE dy PM: MEA

The two leaders emphasized strengthening Comprehensive Strategic Partnership including in the areas of technology, energy, and people-to-people ties, as per MEA statement

EAM Jaishankar to meet UAE counterpart on Dec 12 for strategic dialogue

Jaishankar and Al Nahyan will review the entire gamut of bilateral strategic ties at a meeting of the India-UAE Strategic Dialogue on Thursday, officials said

BIT by bit: How new India-UAE trade pact may reset future investment talks

India's revised approach to bilateral trade now includes a three-year local remedy clause in the UAE pact which could impact future investment

UAE to review India's concerns on surge in silver, platinum alloy imports

India has raised its concerns over jump in imports of silver products, platinum alloy, and dry dates from the UAE and urged the country to ensure that the rules are not circumvented under the free trade agreement (FTA), an official statement said on Tuesday. The UAE has agreed to examine the concerns raised by the India, the commerce ministry said. Following significant increase in imports, India sought review of certain provisions of the FTA with the UAE that came into force on May 1, 2022. The concerns were raised during the second meeting of the joint committee (JC) under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) in the UAE on October 14. The Indian delegation was led by Additional Secretary in the Department of Commerce Ajay Bhadoo and Assistant Undersecretary for International Trade Affairs, Ministry of Economy of the UAE, Juma Al Kait co-chaired from the UAE side. "Indian side raised the issue related to the recent surge in imports of silver products,

India, UAE to set up food corridor with $2 billion initial funding

The UAE's investments into India are expected to increase as the bilateral investment treaty (BIT), signed in August, takes effect

India eases certain conditions for UAE in bilateral investment treaty: GTRI

India has eased certain conditions for UAE in the bilateral investment treaty by including portfolio investments and reduction in the local remedies exhaustion period from five years to three years in the pact, economic think tank GTRI said on Monday. The India-UAE Bilateral Investment Treaty (BIT) came into force on August 31 this year. The model BIT requires investors to attempt to resolve disputes through India's legal system for at least five years before seeking international arbitration. In contrast, the India-UAE BIT reduces this period to three years, giving investors quicker access to Investor-State Dispute Settlement (ISDS). "While this makes the treaty more investor-friendly, it also weakens India's ability to settle disputes domestically, increasing the likelihood of arbitration cases that could challenge India's regulatory decisions," the Global Trade Research Initiative (GTRI) said in a statement. It added that local remedies exhaustion means that investors must firs

Govt permits 64,400 tonnes of onion exports to UAE, Bangladesh via NCEL

The government has permitted exports of 64,400 tonnes of onion to the UAE and Bangladesh through the National Cooperative Exports Ltd (NCEL), according to notifications of the commerce ministry. While export of 50,000 tonnes of onion is permitted to Bangladesh, shipments of 14,400 tonnes were allowed to the UAE. "Export of 14,400 tonnes of onions, with a quantity ceiling of 3,600 MT (metric tonnes) quarterly, to UAE through NCEL is notified," the directorate general of foreign trade (DGFT) said in a notification. DGFT is an arm of the commerce ministry, which deals with norms related to imports and exports. For exports to Bangladesh, it said that the modalities for the exports will be worked out by the NCEL in consultation with the department of consumer affairs. Though onion exports are banned, the government allows specified quantities to friendly nations. The exports are allowed on the basis of permission granted by the government to other countries based on their request. On

UAE to welcome 175 ministers, officials for WTO's 13th ministerial meet

Ministerial Conferences are the highest decision-making body of the WTO and serve as crucial forums for member states to address trade challenges, refine trade rules, etc.

Looking to deepen India-UAE comprehensive strategic partnership: PM Modi

Prime Minister Narendra Modi on Tuesday said he is looking forward to further advance India's comprehensive strategic partnership with the United Arab Emirates during his two-day visit to the Gulf nation. After concluding his two-day visit to the UAE, Modi will travel to Qatari capital Doha on Wednesday afternoon. In his departure statement ahead of the two-nation visit, Modi said he was also looking forward to meeting Sheikh Tamim bin Hamad Al Thani, the Amir of Qatar, saying the country continues to witness "tremendous growth and transformation" under his leadership. The announcement on Modi's visit to Doha came on Monday against the backdrop of Qatar releasing eight jailed former Indian Navy personnel. "India and Qatar enjoy historically close and friendly relations. In recent years, our multi-faceted ties have continued to deepen in all spheres, including high level political exchanges, growing trade and investment between two countries, strengthening of our energy partnership,

Cabinet approves signing of India-UAE Bilateral Investment Treaty

The government on Thursday approved the signing and ratification of a Bilateral Investment Treaty (BIT) between India and the United Arab Emirates (UAE). The pact would help promote investments between the two countries. "The Union Cabinet chaired by Prime Minister Narendra Modi, today has given its approval for signing and ratification of BIT between India and the UAE," an official statement said. The treaty is expected to improve the confidence of investors, especially large investors, resulting in an increase in foreign investments and overseas direct investment (ODI) opportunities, the statement said, adding that this may have a positive impact on employment generation. "The approval is expected to increase investments in India and is likely to help in realising the goal of Atmanirbhar Bharat by encouraging domestic manufacturing, reducing import dependence, increasing exports etc," it added. The two nations have also implemented a free trade agreement in May 2022. India rece

India-UAE joint military exercise 'Desert Cyclone' underway in Rajasthan

The exercise will enhance cooperation and interoperability between both sides during peacekeeping operations

India-UAE pact on industrial cooperation receives Cabinet's approval

The decision was taken by the Union Cabinet, chaired by Prime Minister Narendra Modi

Gem and Jewellery sector to benefit from India-UAE CEPA: Commerce Secretary

The CEPA signed between India and the UAE will give a big boost to the gems and jewellery sector and help create more than one million jobs, Commerce Secretary B V R Subrahmanyam said on Saturday.

India-UAE trade pact to boost clothing exports, employment, say exporters

Implementation of the comprehensive free trade agreement between India and the UAE would help boost the country's exports and creation of lakhs of jobs, according to exporters.