Manoj Patodia, Chairman, The Cotton Textiles Export Promotion Council (TEXPROCIL) has upheld the finalization of India-UAE Comprehensive & Economic Partnership Agreement (CEPA) on March 27, 2022. Patodia says, zero for zero duty free access for textiles and clothing along with the robust Rules of Origin will boost cotton textiles exports to the UAE in coming years.
The CEPA will increase India’s exports by $2 billion over the next five years besides providing a platform for SMEs to expand internationally. It will also improve the participation rate of women workforce and create new employment opportunities for youth, Patodia adds. By setting up warehousing or distribution centres in UAE, the CEPA will encourage trade movement to neighboring GCC as well as African markets and enhance collaboration, innovation, and cooperation between the two countries, he adds.
