Page 601 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/7/25, 5:16 PM UAE’s Comprehensive Economic Partnership Agreements With Costa Rica, Mauritius Come Into Force
our shared goals, from enhancing food security to

accelerating clean energy adoption.”

Al Zeyoudi highlighted the programme’s contribution to record non-oil trade in 2024, which

reached an all-time high of US$817 billion, marking a 14.6% increase over 2023. The

CEPA programme currently has 27 concluded deals, expanding access for UAE
businesses to over a quarter of the world’s population.

The UAE-Costa Rica CEPA, which was signed April 2024, builds on non-oil trade of more

than US$82.6 million in 2024, following substantial growth of 27.5% compared 2023.

Under the CEPA, 99.8% of UAE exports to Costa Rica will benefit from zero or reduced

customs duties. The partnership will also help to facilitate strategic capital exchange,

adding to the UAE’s approximate US$673 million already invested in Central America.

Opening access to one of Africa’s most promising economies, the UAE-Mauritius CEPA is

projected to boost the value of non-oil bilateral trade from its current US$209.8 million to
US$500 million within five years, including a fourfold increase in UAE exports to Mauritius.

Over 97% of UAE exports to Mauritius will benefit from immediate tariff elimination or

gradual tariff reduction over a maximum of 5 years under the CEPA.

News Source: Emirates News Agency

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