The third round of India-UAE CEPA negotiations are scheduled to be held in New Delhi from 6th to 10th of this month wherein both sides aim to conclude the negotiations. Mr. Goyal apprised the representatives from the Industry sector about the importance of the CEPA in elevating the overall economic and commercial relations with UAE which in turn will not only benefit bilateral trade but also create new jobs and provide wider social and economic opportunities.
Providing a way forward on these discussions, Mr. Goyal appreciated the accommodative spirit of the Industry and urged the Industry representatives to continue to support the CEPA negotiations in the same spirit in the wider interests of the nation contributing to the holistic development of multi-sectoral economic value chains in the country.
The Minister also stressed the potential benefits from the envisaged CEPA agreement for Industries that are labor intensive in nature and also on 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.
The stakeholders expressed gratitude to the Union Commerce Minister for taking into consideration concerns of Indian Industry and providing constructive inputs on this matter with a view to ensure overall balance between market access and domestic sensitivities.
