Page 259 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, stated, “This agreement
signifies a new era of collaboration, enhancing our economic ties and creating a framework for
shared growth and prosperity. 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.”

Jordan has been a vital partner for the UAE for many years, with bilateral non-oil trade experiencing
tremendous growth over the last decade, increasing by 138 percent. The UAE is Jordan’s fifth-
largest trading partner globally, while the UAE remains the largest foreign investor in Jordan, with
mutual investments estimated at approximately US$22.5 billion.

The CEPA is expected to create significant opportunities across various sectors, including
renewable energy, pharmaceuticals, logistics, and tourism. Jordan’s highly-skilled workforce and
strong industrial base, particularly in the production of phosphates, textiles, and pharmaceuticals,
complements the UAE’s expertise in energy, infrastructure, and finance, fostering a collaborative
environment that enhances the global reach of both nations.

The agreement was finalized following three rounds of negotiations, highlighting the shared
commitment of both countries to quickly realize the benefits of the new agreement. The CEPA will
also support SMEs by reducing trade restrictions and offering platforms for collaboration that will
empower the next generation of entrepreneurs and innovators and ensure that the economic
benefits are widely shared.

The CEPA programme is a vital element of the UAE’s economic growth strategy, highlighting its
commitment to establishing strong global trade partnerships. The UAE aims to double its economy
to US$800 billion by 2030 and achieve over US$1.1 trillion in total non-oil trade value by 2031.

The programme significantly contributed to the UAE's record non-oil trade of US$816 billion in
2024, reflecting a 14.6 percent increase from 2023. With 27 concluded agreements, the CEPA
programme expands access for UAE businesses to over a quarter of the world's population.

https://www.khaleejtimes.com/business/uae-jordan-comprehensive-economic-partnership-
agreement-to-come-into-force-2