3 months ago
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The United Arab Emirates has welcomed the escaped commercialized statement reached betwixt India and the EU, describing it arsenic a important measurement towards promoting "economic openness" and supporting "sustainable growth".
India and the European Union connected Tuesday (January 27, 2026) sealed a landmark escaped commercialized agreement — billed arsenic the "mother of each deals" — to make a marketplace of 2 cardinal radical with Prime Minister Narendra Modi and the apical EU enactment unveiling a five-year docket to mostly leverage commercialized and defence successful protecting the rules-based satellite order.
In a caller connection issued by the UAE's Foreign Ministry, Minister of State Saeed Al Hajeri said the pact "reflects the committedness of some sides to promoting escaped commercialized and economical openness and embodies arsenic a exemplary of economical partnerships that enactment sustainable maturation and shared prosperity".
The UAE besides highlighted its ain Comprehensive Economic Partnership Agreement (CEPA) with India arsenic an illustration of an precocious exemplary of strategical commercialized concern based connected communal interests, enhanced economical integration and enactment for sustainable development.
Such broad agreements, the curate said, assistance present tangible benefits for each parties.
The connection further expressed anticipation that the UAE's ongoing negotiations with the EU would beryllium concluded positively, starring to the signing of a akin statement betwixt the 2 sides.
Reaffirming its committedness to planetary trade, the UAE said it would proceed to enactment the enlargement of strategical economical partnerships and stronger economical cooperation, driven by its content successful the captious relation of escaped commercialized successful promoting stableness and prosperity astatine some bilateral and planetary levels.
As portion of the free commercialized statement (FTA), India and the EU besides inked 2 important pacts — 1 connected information and defence collaboration and different connected mobility of Indian talents to Europe.
Indian sectors specified arsenic textiles, apparel, leather goods, handicrafts, footwear and marine products are acceptable to summation from the FTA, portion Europe is acceptable to payment successful areas of wine, automobiles, chemicals and pharmaceuticals, among others.
