Question – With which country has India recently(February 2022) signed the historic CEPA aimed at boosting goods trade to 100 billion dollar over next five years ?
(a) UAE
(b) Saudi Arabia
(c) Kuwait
(d) None of the above
Answer – (a)
Related facts —
- India and UAErecently(February 2022) signed the historic CEPA aimed at boosting goods trade to 100 billion dollar over next five years.
- CEPAstands for – ComprehensiveEconomicPartnershipAgreement.
- It is notable that India and UAE are natural partners with many complementarities.
- India- UAE CEPA sees many firsts including automatic authorization for Indian pharma products, strict rules of origin and safeguard mechanism against surge in imports.
- CEPA to generate more than 9.5 lakh jobs across labour-intensive sectors such as Textiles, Gems & Jewellery, Leather, Footwear, Pharma, Agriculture products, Medical Devices, Plastics, Sports Goods and Automobiles.
- Significance —
- Minister of Economy(UAE) terms it CEPA as a momentous new chapter in the shared history between the two nations.
By – Pankaj Pandey
Link:
https://www.pib.gov.in/PressReleseDetailm.aspx?PRID=1799439