Page 227 - MOE ENGLISH PR - MAY 2024
P. 227

5/31/24, 3:19 PM   UAE ministers and officials praise comprehensive economic partnership agreement between UAE and Republic of Korea | Emirat…


                 UAE ministers and officials praise


                 comprehensive economic partnership



                 agreement between UAE and Republic



                 of Korea




                  Wednesday, May 29, 2024 6:43 PM •  7 minutes Reading


                     ABU DHABI, 29th May, 2024 (WAM) -- Ministers and


                     officials in the UAE government affirmed that the


                     Comprehensive Economic Partnership Agreement



                     (CEPA) signed with the Republic of Korea marks the


                     beginning of a new era of economic growth and


                     constructive cooperation across economic, trade, and


                     investment sectors with one of the world's strongest


                     economies.


                     The agreement aims to increase the free flow of trade


                     between the two countries and open investment


                     pathways in vital sectors. The signing of the agreement


                     is part of the UAE's plans to double its non-oil foreign


                     trade to reach AED 4 trillion and increase exports to AED



                     800 billion by 2031.


                     Mohamed Hadi Al Hussaini, Minister of State for


                     Financial Affairs, said, “The Ministry of Finance is keen to


      https://wam.ae/en/article/b3eas3x-uae-ministers-and-officials-praise-comprehensive                           1/10
   222   223   224   225   226   227   228   229   230   231   232