The agreement will not only benefit bilateral trade but also create new jobs

The third round of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) negotiations are scheduled to be held in New Delhi from Monday, with both sides keen to conclude the negotiations.

As part of the ongoing multi-stakeholder consultations related to the India-UAE CEPA, Union Minister of Commerce and Industries Piyush Goyal met the representatives of Aluminium, Copper, and Chemicals and Petrochemicals Industry on Friday.

Goyal apprised the representatives from the Industry about the importance of the CEPA in elevating the overall economic and commercial relations with UAE. This will, in turn, not only benefit bilateral trade but also create new jobs and provide wider social and economic opportunities, he pointed out.

The Commerce and Industry Minister also stressed on the potential benefits from the envisaged CEPA agreement for industries which are labour intensive in nature.

He also referred to the numerous complementary spill-over economic benefits, including increased investments, job creation and employment opportunities.

Industry representatives were also apprised of the strategic importance of the agreement which encompasses deeper bilateral economic engagement and wider market access.