India wants Comprehensive trade pact with UAE by 2022
Noting that the United Arab Emirates (UAE) is India's special partner, the Indian ambassador of UAE, Pavan Kapoor said that New Delhi wants a Comprehensive Economic Partnership Agreement (CEPA) between the two nations to be signed by March 31 next year.
Speaking at Expo 2020 Dubai, Indian ambassador Kapoor said that it is a good occasion for India to enhance trade and business relations with the UAE and all nations as 190 nations are arriving to participate.
Responding to the question of when the Comprehensive Economic Partnership Agreement between India and UAE can be expected, Kapoor said: "We will try for a comprehensive agreement. We have given them and ourselves ambitious timelines. We would want official level negotiations to be complete by year-end. We want CEPA to be signed by March 31, 2022."
The UAE is India's third-largest trading partner with bilateral trade in 2019-2020, valued at USD 59 billion. The UAE is also India's second-largest export destination after the US, with exports valued at approximately USD 29 billion in 2019-2020.
The India Pavilion, one of the largest pavilions at the Expo 2020 Dubai, will feature an innovative kinetic façade of 600 individual colourful blocks.
The states and Union Territories that have confirmed their participation at the India Pavilion along with their delegation include Gujarat, Karnataka, Ladakh, Telangana, Rajasthan, Maharashtra, Uttar Pradesh, Kerala, Jammu Kashmir, Goa, Andhra Pradesh, Chhattisgarh, Jharkhand, Himachal Pradesh and Haryana. These states will exhibit their culture, food and business opportunities at the India Pavilion.
It is developed as a mosaic of rotating panels that depict different themes as they rotate on their axis.
It represents the theme of 'India on the move' and is a unique amalgam of the nation's rich heritage and technological advances.
Kapoor said that Commerce and Industry Minister will inaugurate India Pavillion at Expo 2020 on October 1 and hope that Prime Minister Narendra Modi may also visit the India pavilion during Expo 2020. The event will run till March 31, 2022.