Page 243 - MOE ENGLISH PR - MAY 2024
P. 243
UAE ministers, officials praise CEPA between
UAE and Republic of Korea
• 29 May 2024
•
A view of the Khalifa Port Container Terminal in Abu Dhabi.
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 Dhs 4 trillion and increase
exports to Dhs 800 billion by 2031.
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Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, said, “The Ministry of
Finance is keen to strengthen the UAE’s strategic relations across the world as we seek
to build policies and partnerships to confront the challenges facing the global economy.
https://www.gulftoday.ae/business/2024/05/29/uae-ministers-officials-praise-cepa-between-uae-
and-republic-of-korea
