WHAT DINA THINKS: India-UAE free trade pact

 

In the ever-evolving landscape of global trade, the India-UAE Free Trade Agreement (FTA) is proving to be a delectable treat for both nations. Industry experts are singing praises of this agreement, and it's not hard to see why. The FTA has become the secret sauce that's spicing up bilateral trade between India and the UAE, and it's even spreading its flavors to regions like Africa and other Gulf countries

I just can't help but applaud the efforts of Commerce and Industry Minister Piyush Goyal, who has actively sought ways to boost the exports of Indian foods and food products. It's not just a welcome move; it's a strategic masterstroke. The world is craving the rich tapestry of flavors that India has to offer, and the UAE is becoming the gateway to this culinary adventure. The globe is yearning for India's rich tapestry of flavors, and the UAE is becoming the doorway to this culinary adventure. Alavi's enthusiasm is apparent when he declares, "We see more opportunity to increase our exports from India to the UAE." This is, indeed, only the tip of the iceberg. Nitesh Ved, Chairman of Appcorp Holding, endorses this sentiment, noting that vast potential awaits Indian exporters in all areas. 

Ved's concept of a "Bharat Bazar" is AMAZING!. Consider a marketplace where Indian exporters can promote their wares, and where the rest of the globe can enjoy the variety of Indian items. It's not just business; it's also a cultural interaction.

When it comes to food exports, the suggestion to open an APEDA (Agricultural and Processed Food Products Export Development Authority) office in the UAE is brilliant. This measure will surely benefit food exporters while also ensuring the quality and safety of Indian food items entering international markets. The figures don't lie. Bilateral commerce between India and the UAE has increased dramatically, hitting an all-time high of USD 84.9 billion in 2022-23, up from USD 72.9 billion the previous year. It's not only about the numbers; it's about the practical impact on businesses, employment growth, and the strengthening of links between these two countries.

Finally, the India-UAE FTA demonstrates the importance of trade in creating international connections. It's about exchanging cultures, cuisines, and dreams, not just finances. As a friendly blogger in the UAE, I can't help but rejoice at this great advancement. The India-UAE FTA is SET for bilateral trade success, and the future looks promising.

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