INDIA-UAE CEPA Flashcards
India-UAE CEPA was signed on
18th February 2022
The Agreement is expected to enter into force on
1st May 2022
____ is a kind of free trade pact that covers negotiation on the trade in services and investment, and other areas of economic partnership.
CEPA
India has signed CEPAs with (?)
South Korea and Japan
____ is a Free Trade Agreement (FTA) between the ten member states of the ASEAN and the six countries (Australia, China, Japan, South Korea, India and New Zealand) with which ASEAN has existing FTAs.
Regional Comprehensive Economic Partnership (RCEP)
____ is an agreement in which two or more countries agree to provide preferential trade terms, tariff concession etc. to the partner country.
Free Trade Agreement (FTA)
In this type of agreement, two or more partners give preferential right of entry to certain products. This is done by reducing duties on an agreed number of tariff lines. Name
Preferential Trade Agreement (PTA)
India signed a PTA with
Afghanistan
____ generally covers negotiation on trade tariff and TRQ (Tariff Rate Quotas) rates only. It is not as comprehensive as CEPA.
Comprehensive Economic Cooperation Agreement (CECA)
India has signed CECA with
Malaysia
It is a bilateral agreement in which two countries sit together and decide the conditions for private investments by citizens and firms of the two countries. Name it
Bilateral Investment Treaty (BIT)
It is a trade pact between two or more countries which establishes a framework for expanding trade and resolving outstanding disputes between countries. Name it
Trade and Investment Framework Agreement (TIFA)
UAE awarded the____, their highest civilian award, to the Prime Minister of India for consolidating the long-standing friendship and joint strategic cooperation between the two nations.
ZAYED Medal
