Under the CEPA, both nations will eliminate tariffs on more than 90 per cent of imports over time
The UAE is New Zealand’s largest trade partner in the Middle East
The trade deal aims to aid Ukraine’s recovery and rebuilding of key industries while helping to strengthen supply chains to the MENA region for exports such as grains, machinery and metals
The agreement is expected to boost trade and investment flows in priority sectors such as logistics, infrastructure, travel, tourism, and renewable energy
The trade deal builds on growing bilateral cooperation between the two countries, which saw non-oil trade hit a record $2.1bn in H1 2023
A UAE-Korea CEPA will reinforce East-West supply chains, facilitate FDI flows, and enhance joint research and knowledge exchange across a range of sectors
By removing or reducing tariffs on 95 per cent of product lines, the agreement is set to boost non-oil trade value beyond $1.5bn in the next five years.
The UAE is the third-largest market for Serbian exports, with non-oil trade between the two countries in H1 2023 hitting $57.6m
The two countries already share a productive trade relationship, with non-oil trade reaching $805m in 2022
The CEPA came into effect on May 1, 2022, and was the UAE’s first-ever bilateral trade deal
The UAE has so far concluded four CEPAs with India, Israel, Indonesia and Turkey and the first two have already come into force
The UAE-Israel Comprehensive Economic Partnership Agreement was signed in May last year
Delegations from the UAE are attending the India International Jewellery Show and the India Gem and Jewellery Machinery Expo in Mumbai
Indian exports to the UAE, excluding petroleum products, grew from $5.17bn from June to August last year to $5.92bn from June to August this year
In July, the UAE will sign its fourth comprehensive economic partnership agreement with Colombia
The launch event was marked by the establishment of strategic partnerships with several prestigious institutions in Abu Dhabi
The UAE’s non-oil exports to its top 10 trade partners rose by 28.7 per cent, while trade with all other nations increased by 12.6 per cent
The UAE passport jumped from 15th place in 2023 to 8th in 2024 in Get Golden Visa’s ranking, making it among the world’s fastest-growing in terms of its strength
The RBI has not instructed banks to shift all dirham payments to this channel but instead is taking steps to encourage the development of an rupee-dirham market
OPEC highlighted the steady expansion of the UAE’s economy, supported by strong domestic and international economic activities
The new agreement will establish what is known as a “mixed-economy corporation,” which is not subject to the legal limit
The newly formed global trading and trade facilitation company will cover trade finance, consulting, commodities exchange and trade insurance
The new company will provide comprehensive services and advanced solutions designed to accelerate trade volumes, attract foreign investment, and promote economic partnerships
Non-oil trade between the UAE and Chile reached $306m in 2023 with both countries aiming to triple this figure by the end of 2030
The UAE’s CEPA programme aims to increase the country’s non-oil foreign trade to Dhs4tn by expanding relations with strategically important markets around the world
The world’s second-biggest bullion consumer slashed import duties on gold and silver to 6 per cent from 15 per cent
The UAE-Mauritius CEPA is set to deepen trade and investment ties, and streamline market access for businesses, in both countries
President Widodo was awarded the Order of Zayed, the UAE’s highest civilian honour, during a ceremony at Qasr Al Watan in Abu Dhabi
This state visit marks the one-year anniversary of the CEPA, which was signed in July 2022, and took effect a year later