Page 270 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/23/25, 11:45 AM UAE-Jordan Comprehensive Economic Partnership Agreement To Come Into Force

UAE-Jordan Comprehensive Economic Partnership Agreement To
Come Into Force

The UAE-Jordan CEPA is set to drive bilateral non-oil trade to US$8 billion by 2032, building on
the existing trade growth which surpassed US$5.6 billion in 2024.

HE Al Zeyoudi: “The launch of the UAE-Jordan CEPA marks a significant advancement in our
economic collaboration, creating new avenues for growth and mutual prosperity.”

Abu Dhabi, UAE – 14 May 2025: The Comprehensive Economic Partnership Agreement (CEPA) between
the United Arab Emirates and the Hashemite Kingdom of Jordan will officially come into effect tomorrow,
heralding a new era of economic cooperation. This landmark agreement is the first CEPA signed between
the UAE and an Arab nation, aimed at enhancing trade and investment ties, stimulating growth in key
sectors, and empowering small and medium-sized enterprises (SMEs).

With the CEPA entering into force tomorrow, the two nations aim to boost bilateral non-oil trade to over US$8
billion by 2032. This follows impressive year-on-year growth between 2023 and 2024 of 34.1%, with non-oil

trade between the two nations reaching approximately US$5.62 billion in 2024. This agreement will eliminate
or reduce tariffs and remove trade barriers, enhancing market access and strengthening regional and global
supply chains.

His Excellency 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%. 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.

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