CII signs MoU with Dubai exports to boost trade

DUBAI: Aiming to strengthen India-UAE economic ties, Confederation of Indian Industry (CII) has signed an MoU with Dubai Exports to boost trade and explore business opportunities.

CII, a non-government organisation, has signed an memorandum of understanding (MoU) with Dubai Exports, which works with other Dubai Government Departments to simplify the export process.

It develops long-term growth strategies to expand businesses and maximise the opportunities given by Dubai's unique position as a natural trade gateway between the East and West.

The MoU pledged to maintain frequent and regular contact with each other for mutual exchange of non-confidential, economic and trade information and to suggest and recommend partners for economic and trade cooperation and explore opportunities for business between members of both parties.

It will also organise exchange of visits for business cooperation and provide each other with necessary support in terms of organizing conferences, mounting business delegations and other activities.

CII and Dubai Exports within the limits of their competence will aspire to make coordinated efforts in solving and reducing the impediments caused due to regulatory mechanisms like taxation, customs procedures, visas etc.

"Both the Parties will reciprocally support and facilitate investment fact-finding and business development missions," the MoU said.

It also paves way for both parties to help each other in organising road Shows for promotion of investment opportunities in both countries.