Page 627 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/7/25, 5:18 PM UAE’s CEPA with Costa Rica, Mauritius now in effect
goals, from enhancing food security to accelerating clean energy

adoption.”

Al Zeyoudi also stressed the program’s significant contribution to non-oil trade in

2024, which reached an all-time high of $817 billion, marking a 14.6 percent

increase compared to 2023. Currently, the CEPA program has 27 concluded

deals, expanding the UAE businesses’ access to more than a quarter of the

world’s population.

Signed in April 2024, the UAE-Costa Rica CEPA builds on non-oil trade of more

than $82.6 million in 2024, following substantial growth of 27.5 percent over 2023.

Under this move, 99.8 percent of the UAE exports to Costa Rica will benefit from

zero or reduced customs duties. Additionally, the partnership will support strategic

capital exchange, adding to the UAE’s $673 million investment in Central

America.

The CEPA with Mauritius opens access to one of Africa’s most promising

economies. Within 5 years, it is expected to boost the value of non-oil bilateral

trade from $209.8 million to $500 million, including a fourfold increase in the UAE

exports to Mauritius.

Under the CEPA, more than 97 percent of the UAE exports to Mauritius will

benefit from immediate tariff elimination or gradual tariff reduction over a

maximum of 5 years.

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