UAE hails India-EU FTA as boost to global trade cooperation

DUBAI: (Jan 31) The United Arab Emirates has welcomed the free trade agreement reached between India and the EU, describing it as a significant step towards promoting "economic openness" and supporting "sustainable growth".

India and the European Union on Tuesday sealed a landmark free trade agreement -- billed as the "mother of all deals" -- to create a market of two billion people with Prime Minister Narendra Modi and the top EU leadership unveiling a five-year agenda to largely leverage trade and defence in protecting the rules-based world order.

In a recent statement issued by the UAE's foreign ministry, Minister of State Saeed Al Hajeri said the pact "reflects the commitment of both sides to promoting free trade and economic openness and embodies as a model of economic partnerships that support sustainable growth and shared prosperity".