Move to strengthen UAE-India economic partnership
Ras Al Khaimah Economic Zone (RAKEZ) recently signed a Memorandum of Understanding (MoU) with the UAE-India CEPA Council (UICC), marking a significant step in bolstering the UAE-India bilateral economic partnership.
The MoU was signed by RAKEZ Chief Government and Corporate Relations Officer Yaser Abdulla Al Ahmed and UICC Director, Ahmed Aljneibi. The signing ceremony took place during the UAE-India Business Forum held in Mumbai, India.
The main objectives of the MoU are to raise awareness of the economic potential between the two countries, to highlight the tangible benefits of the UAE-India Comprehensive Economic Partnership Agreement (CEPA), and to foster deeper economic, investment, and trade relations between private sector stakeholders.
Exchange information
Through this MoU, RAKEZ and the UICC will exchange information and explore opportunities for joint events, aiming to promote greater interaction among their members.
“The UICC is excited to work with RAKEZ in further promoting the benefits of the UAE-India CEPA, and the broader opportunities that exist in the bilateral economic, investment, and trade partnership between the two countries,” stated Aljneibi.
“Through this partnership, RAKEZ will facilitate connections and strengthen its business ecosystem where more Indian companies can thrive and expand their operations, contributing to mutual economic success,” remarked Ramy Jallad, RAKEZ Group CEO.
This MoU builds on the ongoing momentum of the UAE-India CEPA, aiming to further advance trade and investment ties between the two countries. Both RAKEZ and the UICC are committed to aligning their efforts and resources to elevate the UAE-India economic relationship to exciting new heights, according to a press communication.
