The country has initiated a raft of bilateral trade, investment and cooperation deals with several fast-growing economies
Despite global economic fluctuations, non-oil trade between the two countries remained robust, reaching $38.1bn in the first nine months of 2023
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
The web3 company is piloting the Fluent Economic Bridge platform in Kenya and plans to develop a digital trade corridor with the UAE
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 Foreign Minister briefed his counterparts on the preparations for COP28, which is scheduled to be held in Dubai from November 30 to December 12
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
From 2013-2022, the trade growth rate between the two countries was 18.2 per cent, growing from Dhs159.72bn to Dhs188.8bn
The customs authority has set up specialised customs centres and departments to ensure smooth flow of good and services
The CEPA came into effect on May 1, 2022, and was the UAE’s first-ever bilateral trade deal
The two countries agreed on new plans in the field of entrepreneurship, including programs and facilities to foster startup growth
The agreement with Cambodia will reduce or remove tariffs, eliminate barriers to trade and create new avenues for strategic investment
The UAE has so far concluded four CEPAs with India, Israel, Indonesia and Turkey and the first two have already come into force
H.E Liron Zaslansky, Consul General of Israel in Dubai shares her thoughts on the strong relationship between the two states and avenues for further growth
The agreement will serve as a catalyst to increase and diversify bilateral trade by substantially eliminating tariffs, reducing non-tariff trade barriers and promoting trade
The country is the UAE’s second-largest trading partner in Africa, accounting for 8 per cent of total non-oil trade with the continent
The trade and investment exchanges between the UAE and Vietnam totalled Dhs13.5bn in 2022, up 9 per cent from 2021
The CEPA programme was launched in September 2021 to expand UAE’s trade and investment partnership with several strategic global markets
The UAE now accounts for more than 63 per cent of the total volume of Georgia’s trade with Arab countries
The two countries agreed to enhance joint efforts to implement the MoU that was signed recently
These agreements fall within the framework of the comprehensive economic partnership signed by the UAE and Japan in September 2022
The virtual session covered issues related to macroeconomic trends and policies, cyber-financial cooperation, and opportunities for bilateral cooperation
The recent visit resulted in the signing of three agreements covering fintech, data protection and privacy, and cybersecurity
The UAE-Kenya CEPA will be the first bilateral trade deal that the UAE seeks to sign with an African nation
In July, the UAE will sign its fourth comprehensive economic partnership agreement with Colombia