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4/14/25, 5:19 PM UAE & Türkiye Deepen $17.7B Partnership With High-Stakes Economic Talks In Abu Dhabi - Finance 360

UAE & Türkiye Deepen $17.7B Partnership With High-
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Stakes Economic Talks In Abu Dhabi

Suman Varandani
April 8, 2025 Gulf Standard Time: 2:05 pm

Photo credit: WAM

In a bold move to turbocharge one of the region’s fastest-growing economic alliances, the United Arab Emirates and the Republic of
Türkiye convened the second session of the Joint Economic and Trade Commission (JETCO) in Abu Dhabi — solidifying what leaders on
both sides are calling a “new era” of commercial cooperation.
This high-level meeting, building on the momentum of the first JETCO session held in Istanbul in 2023, aimed to supercharge trade,
investment, and innovation, following the game-changing Comprehensive Economic Partnership Agreement (CEPA) that came into effect
on September 1, 2023.
Co-chaired by Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and Ömer Bolat, Türkiye’s Minister of Trade, the
session highlighted rapid progress since CEPA’s rollout — with non-oil trade between the two nations tripling since 2021.
“The Joint Economic and Trade Commission is a cornerstone of our strategy to elevate UAE-Türkiye economic relations,”
said Dr. Al Zeyoudi. “CEPA has already yielded impressive results, and we are committed to unlocking even greater potential.”
Türkiye’s Minister Bolat echoed the optimism, revealing that Turkish companies have executed 149 projects worth $17.7 billion in the
UAE, making the Emirates Türkiye’s 10th most important market globally for international projects.
“Through this meeting, we’ve taken real steps to grow mutually beneficial prosperity,” Bolat stated. “The UAE is, and remains,
one of our most vital economic partners.”
Key focus areas during the JETCO included green economy, advanced technology, trade finance, halal accreditation, and joint projects in
third countries—signaling both countries’ ambition to expand their economic footprint far beyond their own borders.
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