UAE celebrates first anniversary of Comprehensive Economic Partnership Agreement with India at AIM
UAE celebrates first anniversary of Comprehensive Economic Partnership Agreement with India at AIM

United Arab Emirates: During the Annual Investment Meeting (AIM) on May 8 at the Abu Dhabi National Exhibition Centre, the UAE Ministry of Economy organised a special event to commemorate the Comprehensive Economic Partnership Agreement (CEPA) first anniversary of relationship between the UAE and India.

The CEPA Beyond Trade event highlighted how the agreement has improved trade and cultural ties between the two nations over the last 12 months.

Industry experts from the UAE and India participated in panel discussions as part of CEPA Beyond Trade. They talked about the partnership’s key accomplishments to date and examine how the two sides are working together in industries including food, fashion, and the arts. A fashion show, a street food fair, and live entertainment all was included in the event.

The first-ever bilateral trade agreement between the UAE and India went into force on May 1, 2022, and it served as a cornerstone for the nation’s new foreign trade policy. The agreement removed pointless trade restrictions, encouraged investment into high-priority industries, and provided a platform for SME cooperation and growth.

According to Dr Thani Al Zeyoudi, the UAE-India CEPA would be remembered as a watershed in the two countries relationship and a blueprint for global cooperation in the post-COVID age. ADNOC – Abu Dhabi National Oil Company, which has collaborated with the Ministry of the Economy to become a significant sponsor of the programme, is providing support for the event. AIM, Texmas, the Lulu Group, and The Indian People’s Forum (IPF) are also sponsors of the event.

On May 8, CEPA Beyond Trade presented at the Annual Investment Meeting. The programme sought to deepen the ties of friendship as well as cooperation between the UAE and India as well as to highlight the partnership’s achievements.

The Annual Investment Meeting (AIM) is a well-known investment platform created by the AIM Foundation, a free-standing international organisation that seeks to strengthen the global economy by creating opportunities for increased economic productivity and growth.

AIM has become a top investment platform in the Middle East by promoting investment opportunities, encouraging solidarity, and stimulating the development of economic relationships between states while tackling global issues that have an impact on economic progress. The forthcoming Annual Investment Meeting has named Kerala government as a Gold Sponsor.