Page 273 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)
P. 273

5/23/25, 11:46 AM  UAE-Jordan Comprehensive Economic Partnership Agreement to come into force - Business - Economy and Finance - Emirates24|7
        UAE-Jordan Comprehensive Economic Partnership


        Agreement to come into force
























































         Published  Wednesday, May 14, 2025                                                                 By  WAM


        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 percent, 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.

        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


      https://www.emirates247.com/business/economy-finance/uae-jordan-comprehensive-economic-partnership-agreement-to-come-into-force-2025-05-14-…  1/2
   268   269   270   271   272   273   274   275   276   277   278