CURRENT AFFAIRS

Detailed explanation-1: -India-UAE CEPA was signed on February 18, 2022, in New Delhi during the India-UAE Virtual Summit held between Prime Minister Narendra Modi and Sheikh Mohammed Bin Zayed Al-Nahyan, Crown Prince of Abu Dhabi.

Detailed explanation-2: -The UAE-India CEPA entered into force on May 1, 2022. As a result of the agreement, businesses can now take advantage of many new benefits, including: Greater access for UAE exports entering the Indian market through the reduction or removal of tariffs on more than 80 per cent of products.

Detailed explanation-3: -The historical India-UAE Comprehensive Economic Partnership Agreement (CEPA) was signed on February 18, 2022 during the virtual summit attended by Indian Prime Minister Narendra Modi and President of the UAE Sheikh Mohamed bin Zayed Al Nahyan.

Detailed explanation-4: -It may even consider negotiation in areas such as trade facilitation and customs cooperation, competition, and IPR. India has signed CEPAs with South Korea and Japan.