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
Under the CEPA, both nations will eliminate tariffs on more than 90 per cent of imports over time
The CEPA came into effect on May 1, 2022, and was the UAE’s first-ever bilateral trade deal
In 2021, non-oil trade between the UAE and Ukraine reached $904.4m, increasing 28.4 per cent over the previous year
Dubai International Chamber has identified the Israeli market among its top 30 priority markets
The official signing of agreement is expected to follow in the coming weeks