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A new free trade agreement (FTA) between India and the UAE can provide further fillip to the ever-growing relations in trade, diaspora and cultural contacts between the two countries. Analyse.

Topic: Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora.

3. A new free trade agreement (FTA) between India and the UAE can provide further fillip to the ever-growing relations in trade, diaspora and cultural contacts between the two countries. Analyse. (250 words)

Difficulty level: Moderate

Reference: The Hindu

Why the question:

India has embarked on a new journey — a new free trade agreement (FTA) journey to be precise — with renewed zeal and vigour. India’s approach towards FTAs is now focusing more on gaining meaningful market access and facilitating Indian industry’s integration into global value chains.

Key Demand of the question:

To write about how FTA will benefit India and UAE while bring the countries strategically closer.

Directive word: 

Analyse – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary.

Directive word: 

Comment– here we must express our knowledge and understanding of the issue and form an overall opinion thereupon.

Structure of the answer:

Introduction: 

Begin by giving context launch of the negotiations for a mutually beneficial FTA between India and UAE.

Body:

In the first part, in brief, giving an account of tries between India-U.A.E till recent times. (You can make use of a flow chart for better presentation).

Next, describe the proposed FTA– how it will benefit both India and U.A.E in terms of trade, investments, technology, infrastructure, diaspora and cultural contacts etc.

Bring out the strategic implications of signing of FTA and any potential bottlenecks in signing it.

Conclusion:

Conclude with a way forward for realisation of a mutually beneficial FTA.