Page 233 - MOE ENGLISH PR - MAY 2024

5/31/24, 3:19 PM UAE ministers and officials praise comprehensive economic partnership agreement between UAE and Republic of Korea | Emirat…
Khaled Mohamed Balama, Governor of the Central Bank

of the UAE said, “The CEPA meets the UAE's ambitions to

solidify growth, deepen and accelerate the economic

diversification journey by enhancing foreign trade,

increasing foreign direct investments FDI, and

strengthening relations in the financial, banking, and

insurance sectors, particularly in the areas of innovation,

advanced financial technology, and cross-border

payment technologies.”

Ahmed Abdullah bin Lahej, Director General of the

Federal Customs Authority said, “The UAE’s CEPA

programme is proving to be a powerful catalyst for

foreign trade, boosting our non-oil foreign trade in both

goods and services to record highs in 2023. The

Comprehensive Economic Partnership Agreement with

the Republic of Korea, an economy driven by the export

of its high-quality manufacturing output, will only

accelerate this extraordinary progress and create more

opportunities in our own manufacturing, logistics and

transport sectors. The UAE’s CEPA programme is helping

to enhance trade’s role in our national growth objectives

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