Page 332 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/14/25, 5:18 PM UAE And Trkiye Forge Stronger Economic Ties At 2Nd Joint Economic And Trade Commission (JETCO) In Abu Dhabi
conversations during the session covered sectors such as trade and trade finance,

investment, green economy, services, advanced technology and industry, customs,

regulation and standards including Halal accreditation, and collaboration in joint projects in
third countries.

HE Dr. Thani Al Zeyoudi stated:“The Joint Economic and Trade Commission is a

cornerstone of our strategy to elevate UAE-Trkiye economic relations. By leveraging this
platform, we can pinpoint key opportunities for our exporters, foster investment in priority

sectors, and build a resilient framework for sustainable growth. Our collaboration under

the CEPA has already yielded impressive results, contributing to a threefold increase in
bilateral non-oil trade since 2021, and we are committed to deepening this partnership to

unlock even greater potential.”

For his part, His Excellency Ömer Bolat said,“Turkish companies have undertaken 149
projects worth $17.7 billion in the United Arab Emirates to date. This figure makes the

United Arab Emirates the 10th most important country in the world where Turkish

companies undertake projects. Through this meeting, we have taken steps to achieve our

goal of increasing bilateral relations and growing mutually beneficial economic prosperity
on behalf of both our nations and both our people. The UAE is, and remains, one of our

most important economic partners in this regard.”

In line with the intended goals of the JETCO, the Commission also featured the inaugural
meeting of the UAE-Trkiye CEPA Joint Committee, which sought to assess the impact of

the deal to date, share data and experiences, review implementation issues, refine tariffs

and quotas and recommend amendments. The ministerial minutes of both the Joint

Committee meeting and the JETCO were signed by HE Al Zeyoudi and HE Ömer Bolat.

The JETCO was followed by a high-level roundtable featuring representatives of leading
companies and investors from both countries to exchange ideas and explore high-

potential investment and partnership opportunities. During the roundtable, HE Al Zeyoudi

said:“In front of us is the opportunity to increase trade flows and investment activities
between our business communities. The CEPA has opened the door, but it is the

enterprise and energy of the private sector that will ensure we continue to march through

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