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India-UAE partnership summit in Dubai

Published on January 20, 2023
Current Context: Dubai will play host to the India-UAE Partnership Summit from January 23–25, 2023. Together with Dubai Chambers, International Business Linkage Forum will hold the summit. The Golden Visa policy of the UAE and the CEPA Agreement has increased trade relations between the nations, which led to the meeting.
India-UAE partnership summit in Dubai
  • The meeting will feature speeches from officials and business leaders who will explore ways to expand trade prospects between the nations.
  • Sectors on which the summit will focus: Healthcare, start-ups, food manufacturing, and processing.
  • The UAE's "golden visa" program and the success stories of companies that prospered in Dubai will be covered during the summit.
  • India was the UAE's second-largest commercial partner in 2021. The bilateral trade agreement between India and the UAE was signed initially by India.
  • CEPA Agreement
    • The CEPA stands for the Comprehensive Economic Partnership Agreement. In 2022, India and the UAE inked this deal.
    • The CEPA is anticipated to raise trade between the countries to $100 billion USD within five years, with the gem and jewellery industry benefiting the most.
  • Golden Visa Scheme
    • It is a UAE government immigration initiative. A businessman (a wealthy person) receives a residency permit and, in some circumstances, even citizenship under the scheme. Several other nations, besides the UAE, use this system. They include the UK, Canada, the USA, Greece, Bulgaria, Austria, Belgium, Malta, Portugal, Italy, Germany, and others.

Question:

Q.1 Where is India-UAE Partnership Summit from January 23–25, 2023, going to be held?
a. Delhi
b. Dubai
c. Mumbai
d. Hyderabad
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