The UAE-India CEPA Council (UICC) signed a Memorandum of Understanding (MoU) with the Indian Chamber of Commerce (ICC), commencing a strategic partnership to bolster bilateral economic and trade ties.
The agreement envisages the two synergising efforts, resources, and ideas, and collaborates on increasing awareness within the UAE and India of the significant potential of the UAE-India bilateral economic partnership, The Financial Express reported.
Both organisations will collaborate on highlighting opportunities for UAE and Indian companies to leverage the UAE-India CEPA, and mobilising key UAE and Indian private sector stakeholders to support increased economic, investment, and trade engagement between the two nations.
UAE-India CEPA Council to engage in dialogue
They will also engage in dialogue and information sharing, develop avenues for member awareness, explore the hosting of joint events and facilitate member interactions, promote organisational roles, and seek opportunities to expand tangible cooperation between the organisation’s respective leaderships.
Abdulnasser Alshaali, Ph.D., Ambassador of the UAE to India, said the collaboration presents a valuable opportunity to further fortify the economic ties between the UAE and India.
“We are committed to fostering an environment conducive to mutual investments, technological collaborations, and people-to-people exchanges,” he said.
Dr. Rajeev Singh, Director General of the Indian Chamber of Commerce, said by combining the chamber’s complementary strengths, it will aim to unlock new avenues for businesses in both nations to capitalise on the immense potential of the CEPA and drive sustainable economic growth.
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