CII inks MoU with Dubai exports to boost trade
The Confederation of Indian Industry (CII) has signed a Memorandum of Understanding (MoU) with Dubai Exports to boost trade and explore business opportunities.
CII is a non-government organisation of Indian businesses which works to create an environment conducive to the growth of industry in the country. Dubai Exports works with other Dubai Government Departments to simplify the export process by developing long-term growth strategies to expand businesses and maximise opportunities
Key features of MoU
- Signatory parties pledge to maintain regular and frequent contact with each other for mutual exchange of economic, trade and non-confidential information.
- They will recommend and suggest partners for trade and economic cooperation and explore opportunities for business between members of both parties.
- CII and Dubai exports will also organise exchange of visits for business cooperation and provide necessary support in terms of mounting business delegations, organizing conferences and other activities to each other.
- Both of them within the limits of their competence will aspire to make coordinated efforts in reducing and solving impediments caused due to regulatory mechanisms like customs procedures, taxation, visas etc.
This MoU seeks to further strengthen India-UAE economic ties and paves way for both parties to help each other for promotion of investment opportunities in both countries.
Categories: Business & Economy Current Affairs 2018