#Bilateral trade

BUDAPEST - DUBAI

‘Mini-Dubai’ being built in Budapest amid EUR5bn UAE-Hungary deal

First revealed in 2023 by Hungarian Minister Janos Lazar, the project was said to cost approximately EUR1bn, to enhance and upscale an abandoned neighbourhood in the capital

UAE GEORGIA CEPA

UAE and Georgia sign CEPA to boost trade

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.

UAE-INDIA TRADE TALKS

UAE, India sign MoU to develop domestic card scheme during high-level trade talks

The two countries signed multiple agreements during the trade meet which include digital payment systems, food security, and startups

Saudi Arabia - India meet

Saudi Arabia, India sign 47 MoUs during Crown Prince Mohamed bin Salman’s state visit

Saudi Arabia and India have signed a bilateral agreement to bolster the investment climate in both countries

UAE and Cambodia CEPA deal

UAE signs bilateral trade deal with Cambodia

The agreement with Cambodia will reduce or remove tariffs, eliminate barriers to trade and create new avenues for strategic investment

Saudi Arabia, Azerbaijan to establish joint business council

Saudi Arabia, Azerbaijan to establish joint business council

The committee also witnessed the signing of an MoU between the Saudi Fund for Development and the Ministry of Economy of Azerbaijan

Indian exports to UAE rise five times since CEPA

Indian exports to UAE rise 14% YoY post CEPA

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

UAE-Mongolia bilateral ties discussed pic courtesy: WAM

UAE and Mongolia look to strengthening bilateral ties

Non-oil trade between the two countries witnessed a 119 per cent growth in Q1 2022 compared to the same period in 2021

UAE-Turkiye meeting in July

UAE, Türkiye explore collaboration in energy, tech and industry

Türkiye accounts for more than three per cent of the UAE’s non-oil foreign trade and is its seventh largest trading partner

UAE foreign minister discusses bilateral cooperation with Indonesia

UAE foreign minister discusses bilateral cooperation with Indonesia

The UAE and Indonesia signed the comprehensive economic partnership agreement (CEPA) in July

UAE and Japan strengthen bilateral ties in various sectors

The meetings focused on UAE’s preparations to host COP28 in 2023 and strengthen economic, energy and industrial cooperation between the two countries

Indonesia UAE reinsurance agreement

Indonesia, UAE sign reinsurance agreement to boost bilateral trade

The two state-owned institutions will make it easier for UAE and Indonesia-based companies to access funds to pursue their international expansion