Page 614 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/7/25, 5:17 PM UAE's CEPA with Costa Rica, Mauritius come into force - Virgin Radio Dubai

UAE'S CEPA WITH COSTA RICA,

MAURITIUS COME INTO FORCE

News Home More from Business News
Wednesday, 2 April 2025 11:41

By ARN News Staff

Dr. Thani bin Ahmed Al-Zeyoudi, Minister of State for Foreign Trade (WAM)

Trade agreements with Costa Rica and Mauritius under the UAE's Comprehensive Economic Partnership
Agreements (CEPA) will come into effect on Wednesday.

The agreements will reduce tariffs on a wide range of goods, simplify customs procedures, and establish pathways
for investment into high-priority sectors both in the UAE and across the Central American and African markets.

CEPAs, since its rollout in 2021, lays the foundation for increased trade and investment with the strategically located
and rapidly emerging economies.

It is part of efforts by the UAE to increase its foreign trade to AED4 trillion (US$1.1 trillion).

The UAE currently has 12 deals signed and awaiting ratification with markets around the world, consolidating its
status as a trade facilitator and global gateway for goods and services, national news agency Wam reported on

https://www.virginradiodubai.com/trending/business-news/uaes-cepa-with-costa-rica-mauritius-come-into-force/ 1/2