<span style="color: #222222;">Union Commerce and Industry Minister Piyush Goyal have termed the India-UAE Comprehensive Economic Partnership Agreement, signed last week as a landmark pact, that will open up new markets for Indian goods and services.<br />''<br />''Addressing a press conference in Mumbai today Mr. Goyal said that India -UAE Comprehensive Economic Partnership Agreement (CEPA) is a balanced, fair, comprehensive & equitable partnership agreement, which will give enhanced market access for India in both goods and services.  He also said that it will create jobs for the Indian youth, open new markets for our startups, make our businesses more competitive & boost our economy.<br />''<br />''Goyal asserted that the CEPA will be extremely beneficial for MSMEs, startups, farmers, traders, and all sections of businesses.</span><br />''Speaking about the sectoral gains, he said that the labor-intensive industries like Textiles, Gems and Jewellery, Leather goods and footwear, and food processing industry would be prominent among those to benefit the most. The Minister informed that sector-wise consultations have shown that the pact will create a minimum of 10 lakh jobs for Indian citizens.<br />''<br />''Goyal further informed that the CEPA which was finalized and signed in a record time of just 88 days, would come into force in less than 90 days, by early May. He told the media that around 90% of products exported from India to UAE will attract zero duty with the implementation of the Agreement. He continued saying that 80% of lines of trade will attract zero duty, remaining 20% does not affect Indian exports much, hence it's a win-win agreement.<br />''<br />''He also mentioned that for the first time in a Trade agreement, the CEPA provides for automatic registration and marketing authorization of Indian generic medicines in 90 days giving big market access to Indian medicines.<br />''<br />''<span style="color: #222222;">The minister also said that the CEPA will not only improve the competitiveness of Indian products but also provide strategic advantages to India.  Mr. Goyal noted that with the conclusion of the CEPA, India, and UAE aim to increase bilateral goods trade over the next five years to $100 billion.</span><br />