Page 360 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

UAE, Türkiye hold 2nd session of Joint Economic

and Trade Commission in Abu Dhabi

Story by ES / RM
• 6d •

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ABU DHABI, 8th April, 2025 (WAM) -- The United Arab Emirates and the Republic of Türkiye have
convened the second session of the Joint Economic and Trade Commission (JETCO) in Abu Dhabi.

Building on the success of the first session held in Istanbul in 2023, the event sought to further
expand the two nations’ trade and commercial relations and support the goals of the
Comprehensive Economic Partnership Agreement (CEPA), which came into force on 1st September
2023.

The meeting, co-chaired by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and
Ömer Bolat, Minister of Trade of the Republic of Türkiye, heralded rapid progress of UAE-Turkish
relations following the CEPA implementation and subsequent first session of the JETCO.
The two ministers were joined at the Commission by Saeed Thani Hareb Al Dhaheri, UAE
Ambassador to the Republic of Türkiye, and Juma Mohamed Al Kait, Assistant Undersecretary for
International Trade Affairs at the UAE Ministry of Economy.

The 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.

Dr. Al Zeyoudi stated, “The Joint Economic and Trade Commission is a cornerstone of our strategy
to elevate UAE-Türkiye 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, Bolat said, “Turkish companies have undertaken 149 projects worth $17.7 billion in the
UAE to date. This figure makes the UAE 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-Türkiye 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.

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