Page 290 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/23/25, 11:47 AM UAE and Jordan CEPA deal to boost non-oil trade to over $8bn - Arabian Business: Latest News on the Middle East, Real Estate, …
UAE and Jordan trade deal

This follows impressive year-on-year growth between 2023 and 2024 of 34.1 per cent, with
non-oil trade between the two nations reaching approximately $5.62bn 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, said: “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 per cent.

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
$22.5bn.

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 finalised 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.

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