With reference to Comprehensive Economic Partnership Agreement (CEPA) between Indian and the UAE, consider the following statements:1.It aims to facilitate higher investment flows for both countries, and ensure mutually beneficial and guarantee a maximum advantage in trade for both countries.2.Service exports are a major component of the deal.3.The CEPA enables companies in both countries to access government procurement.Which of the statements given above are correct?

Q. With reference to Comprehensive Economic Partnership Agreement (CEPA) between Indian and the UAE, consider the following statements:
1.It aims to facilitate higher investment flows for both countries, and ensure mutually beneficial and guarantee a maximum advantage in trade for both countries.
2.Service exports are a major component of the deal.
3.The CEPA enables companies in both countries to access government procurement.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: D

Notes:

Explanation –

Statements 1, 2 and 3 are correct. CEPA aims to facilitate higher investment flows for both countries, and ensure mutually beneficial and guarantee a maximum advantage in trade for both countries. Service exports are a major component of the deal. The CEPA enables companies in both countries to access government procurement.

Source: ForumIAS

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