Recently, with which one of the following countries did India sign the

Recently, with which one of the following countries did India sign the ‘Comprehensive Economic Partnership Agreement’?

Egypt

Israel

South Africa

United Arab Emirates

Answer is Right!

Answer is Wrong!

This question was previously asked in

UPSC CAPF – 2022

Download PDF Attempt Online

India and the United Arab Emirates (UAE) signed the Comprehensive Economic Partnership Agreement (CEPA) on 18th February 2022, which came into force on 1st May 2022.

Comprehensive Economic Partnership Agreements (CEPAs) are broader than Free Trade Agreements (FTAs) and cover trade in goods, services, investment, and other areas of economic partnership. India has been actively pursuing such agreements to boost its trade and economic ties globally.

The India-UAE CEPA aims to boost bilateral trade in goods to $100 billion and trade in services to $15 billion within five years. It provides preferential access to each other’s markets, reduces tariffs, and facilitates easier trade and investment flows.

Join Our Telegram Channel

More similar MCQ questions for Exam preparation:-