Page 255 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)
P. 255
5/26/25, 9:51 AM UAE-Jordan Major Economic Partnership Deal Taking Effect Thursday
This agreement—the first of its kind between the two nations— is aimed at strengthening trade and
investment ties, fostering growth in key sectors, and supporting the development of small and
medium-sized enterprises (SMEs), the state-run Emirates News Agency (WAM) said in a report.
The agreement will reduce or eliminate tariffs and dismantle trade barriers, expanding market access
and bolstering regional and global supply chains.
The CEPA is also set to unlock substantial opportunities across sectors such as renewable energy,
pharmaceuticals, logistics, and tourism, the WAM report noted.
The CEPA program drove the UAE’s record non-oil trade of $816 billion in 2024, marking a 14.6% increase
from the previous year. With 27 agreements finalized, the CEPA initiative opens up new market access for UAE
businesses, reaching over a quarter of the global population.
Crucial quote
“This agreement signifies a new era of collaboration, enhancing our economic ties and creating a
framework for shared growth and prosperity," said Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister
of State for Foreign Trade.
"Jordan has long been a valued partner for the UAE, and through this CEPA, we are poised to
unlock numerous opportunities that will benefit both nations,” added the minister.
UAE-Jordan trade
The UAE and Jordan aim to elevate bilateral non-oil trade to over $8 billion by 2032. This follows a
remarkable 34.1% year-on-year jump in their bilateral trade in 2024, with non-oil trade reaching
about $5.62 billion, added the report.
Jordan has long been a key partner for the UAE, with bilateral non-oil trade surging by 138% over
the past decade.
The UAE stands as Jordan’s fifth-largest global trading partner and its top foreign investor, with
mutual investments valued at about $22.5 billion.
Big numbers
The UAE targets to double its economy to $800 billion by 2030 and achieve over $1.1 trillion in
total non-oil trade value by 2031.
This story was updated at 10:20 am AST on Thursday.
https://www.forbesmiddleeast.com/industry/economy/uae-jordan-comprehensive-economic-partnership-agreement-set-to-take-effect-thursday 2/3
