UAE minister says CEPA will help create jobs and business

“It is going to create a lot of opportunities for SMEs, new businesses and the private sectors. It is a win-win agreement for both the countries as this will help create a lot of jobs and Unicorns and enhance exports.”

— Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade

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Speaking at the Economic Times Global Business Summit (GBS) 2022, UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi said that the Comprehensive Economic Partnership Agreement (CEPA) between India and the United Arab Emirates would enhance exports between the two countries and help create jobs and new businesses. “The signing of CEPA between India and UAE is going to boost the trade and economic growth in both the countries. It is going to create a lot of opportunities for SMEs, new businesses and the private sectors. It is a win-win agreement for both the countries as this will help create a lot of jobs and Unicorns and enhance exports,” Zeyoudi said virtually.

“Tourism is a key and integral part of our economy. The year 2020, has been difficult with restrictions and things have slowed down. We expect the sector to bounce back, and the bookings are picking up.”

With CEPA, the industrial zones will provide a platform and an ecosystem for entrepreneurs to start new businesses and unicorns in the UAE, he said.

The agreement has provided huge potential and will also help both the countries to expand their market reach beyond the existing ones. Tourism, being an integral part of the UAE’s economy, was bouncing back, and the bookings were picking up.

“Tourism is a key and integral part of our economy. The year 2020, has been difficult with restrictions and things have slowed down. We expect the sector to bounce back, and the bookings are picking up,” the minister said.

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