#CEPA
The UAE’s CEPA agreements are aimed at lowering trade barriers with key global partners
Under the agreement, tariffs will be eliminated over five years on 99.5 per cent of UAE export lines and 98 per cent of Republic of the Congo export lines
The CEPA programme is playing a pivotal role in the UAE’s broader economic strategy, accelerating progress toward the ‘We the UAE 2031’ vision
A major milestone of the visit was the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Ukraine
The partnership aims to strengthen bilateral relations between the UAE and Vietnam, following the signing of a CEPA in 2024
Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, highlighted that the UAE’s CEPAs programme is designed to expand the country’s commercial and investment partnerships worldwide
The trade pact will encompass the five members of the EAEU bloc, made up of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia
The trade pact would remove tariffs for 51 per cent of New Zealand’s exports to the region from day one
The bilateral trade pact is expected to unlock new avenues for cooperation in key sectors such as food production, apparel, machinery, and metals
Non-oil trade between the UAE and Malaysia reached $2.5bn in the first half of 2024, a 7 per cent increase compared to the same period in 2023
The deal builds on robust UAE-Jordan economic ties, with non-oil trade reaching over $4.2bn in 2023
This agreement is poised to deepen trade ties and investment opportunities, focusing on priority industries, creating jobs, and bolstering supply chains
The trade agreement will remove tariffs on about 98.5 per cent of New Zealand’s exports immediately upon implementation
The two countries agreed last year to cooperate on technology and climate change, including investments in the chip and battery sectors
The trade pact will remove tariffs on about 99 per cent of Australian products, resulting in savings of $91m (AUD135m) in the first year
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
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
India and South Asia hold strategic importance for DMCC, particularly in sectors like technology, precious stones and agriculture
The trade pact between the two states is expected to boost investment in Malaysia by the Gulf state’s sovereign wealth funds
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
Kenya has become increasingly attractive to data centre providers, driven by growing demand for cloud services, improved business conditions
The trade pact follows a significant increase in bilateral non-oil trade between the two countries, which reached a record $53.1m in 2023