Negotiations for the proposed free trade agreements (FTAs) with the UAE and Australia are "going full steam ahead" and officials of both the sides are working on the deadlines to conclude the talks, Commerce and Industry Minister Piyush Goyal said.
The United Arab Emirates and South Korea on Thursday agreed to start negotiations on a bilateral trade deal targeting a broad expansion of economic ties.
The India government has set aggressive timelines for the agreements – formalisation of a CEPA with the UAE by early 2022, a FTA with the UK by next year, and an interim trade deal with Australia by December.
On a tight time schedule for the proposed India-UAE free trade pact, the DPIIT has called for suggestions from industry bodies and other stakeholders on IPR issues that could make it easier for Indians to do business in the UAE.
Pakistan will pursue individual trade deals with Saudi Arabia, the United Arab Emirates and Oman, a Pakistani official said on Sunday, as talks with the Gulf Cooperation Council remain stalled.
India and the UAE announced the launch of negotiations for a Comprehensive Economic Partnership Agreement (CEPA) which New Delhi is seeking to prioritise talks for a free trade agreement.
The United Arab Emirates (UAE) plans to sign a comprehensive economic partnership agreement with Kenya to consolidate its position as a gateway for global trade and investment.
Dubai’s trade with Africa has grown by leaps and bounds over the last decade, thanks to several important developments that have established new business links between the emirate and promising markets across the continent.
Under a free trade agreement, two trading partners reduce or eliminate customs duties on the maximum number of goods traded between them.
India will fast-track free trade agreements (FTAs) with at least six nations — including the UAE, the UK, Australia, Canada, and the EU.
Pact to help India increase exports in goods, services; lead to possible FTA with GCC.
Both sides are looking forward to signing a free trade agreement, and they have commenced discussions on this matter, the ministers said in a joint statement.
Israel plans to open an economic attaché office in Abu Dhabi to attract foreign investment and boost economic relations with Gulf states and the broader Arab world
The tax treaty and the investment-protection agreement lay the groundwork for increasing economic cooperation.
UK Trade Secretary was in the UAE and Saudi Arabia last month to work on the UK-GCC Joint Trade and Investment Review
A free trade agreement and double taxation treaty are among several frameworks being worked on by the UAE and Israel to increase trade and investments flows between the two nations after they normalised relations last year.
GCC states need to ensure the adoption of economic diversification plans through free trade agreements, UAE Foreign Trade Minister said.
Most recently, Jersey has joined Hong Kong as another non-sovereign entity that negotiates its own BITs. Jersey is set to sign its first BIT with the UAE later this year.
The soon to be signed agreement was delayed because of Korean political concerns that have been removed by Israel-UAE normalization.
Israel and the United Arab Emirates have reached a bilateral agreement that will give incentives and protection to investors who make investments in each other’s countries.