• The signing of the FTA is expected on the sidelines of Prime Minister Narendra Modi hosting a virtual summit tomorrow with Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed al Nahyan. India and UAE on February 18 are likely to sign a proposed free trade agreement (FTA) which would give both duty-free access to a number of products from different sectors.
  • The signing of the FTA is expected on the sidelines of Prime Minister Narendra Modi hosting a virtual summit tomorrow with Deputy Supreme Commander of the UAE Armed Forces and Crown Prince of Abu Dhabi, Sheikh Mohamed bin Zayed al Nahyan.
  • The move is expected as, going by the external affairs ministry, negotiations for the Comprehensive Economic Partnership Agreement launched in September have been completed, which marks a major initiative in bilateral relations.
  • Trade between India and the UAE across thousands of items was worth $43.3 billion in 2020-21, down from $59 billion in 201920. The UAE remains India's third-largest export destination as well as the third-largest source of imports.