Page 628 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/7/25, 5:18 PM UAE's Comprehensive Economic Partnership Agreements With Costa Rica And Mauritius Come Into Force

UAE's Comprehensive Economic Partnership

Agreements With Costa Rica And Mauritius

Come Into Force

Date Share on Facebook Tweet on Twitter
2025-04-02 05:02:21

(MENAFN- Dubai PR Network)
HE Al Zeyoudi:“These CEPAs, enhancing connectivity to centres of growth within
Central America and Africa, are a catalyst for deeper economic collaboration,
unlocking a range of opportunities for our private sector and driving forward our shared
goals, from enhancing food security to accelerating clean energy adoption.”
Currently 27 deals concluded as part of the UAE's CEPA program, unlocking access to
over a quarter of the world's population.
nd
Abu Dhabi, 2 April 2025: Two of the United Arab Emirates' Comprehensive Economic
Partnership Agreements (CEPA) have come into force today, laying the foundation for

increased trade and investment with the strategically located and rapidly emerging

economies of Costa Rica and Mauritius. Now in force, the UAE-Costa Rica and UAE-
Mauritius CEPAs 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.

The two deals mark the seventh and eighth of the UAE's Comprehensive Economic
Partnership Agreements to come into force, following the successful roll-out of CEPAs with

India, Israel, Trkiye, Indonesia, Cambodia and Georgia since the launch of the program in

2021. As the nation seeks to increase its foreign trade to AED4 trillion (US$1.1 trillion), it
currently has twelve further deals signed and awaiting ratification with markets around the

world, consolidating its status as a trade facilitator and global gateway for goods and

services.

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

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