India flags crucial agri-sector concerns, rice export in consult with UAE minister – Business Standard

‘Major conversations happened in between both sides relating to trade in between India and the UAE after the conclusion of the CEPA and the FTA’ India on Friday flagged to the UAE a few of the concerns dealt with by its farming sector, consisting of issues dealt with by rice exporters, throughout a conference here. S Vikramjit Singh, MP, Chair, India-Arab Council, and Member of the India-UAE Joint Task Force, fulfilled Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade of UAE and talked about different locations of bilateral cooperation. Singh stated that trade with the UAE would take brand-new measurements with 2 significant bilateral arrangements currently in location. He likewise flagged concerns dealt with by the Indian farming exporters to the Gulf country. Significant conversations happened in between both sides concerning trade in between India and the UAE after the conclusion of the Comprehensive Economic Partnership Agreement (CEPA) and the Free Trade Agreement (FTA), Singh stated in a declaration. Singh, a member of the India-UAE Joint Task Force, flagged the crucial concerns dealt with by the farming sector concerning the rejection of rice exports from India due to the existence of pesticide residue. He stressed on having actually certified laboratories of mutually-acceptable requirements together with fast-track approval for Pharma items from India, stated the declaration. Singh likewise asked for the minister to lower the minimum limit for financial investment, for 100 percent ownership in health and other sectors, which is presently pegged at AED 100 million. Singh asked for the minister for early conclusion of the UAE-India Bilateral Investment Treaty, to improve the working of India and UAE joint endeavors, the declaration stated. Minister of State for Foreign Trade of the UAE revealed his complete satisfaction on much deeper engagement with India in trade and financial investment and ensured UAE’s financial investment in India, it stated. Singh likewise worried on bilateral trade and the essential locations in between Punjab and the UAE. On behalf of Punjab’s Chief Minister, Singh likewise talked about financial investment in the facilities sector, basmati export and agri-processing sectors by the UAE in Punjab. (Only the heading and photo of this report might have been revamped by the Business Standard personnel; the remainder of the material is auto-generated from a syndicated feed.) Sign Up For Business Standard Premium Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more! Released: Sat, October 292022 00: 01 IST
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