Page 629 - 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
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.

His Excellency Dr Thani bin Ahmed Al-Zeyoudi, Minister of State for Foreign Trade,
said:“The implementation of our Comprehensive Economic Partnership Agreements with

Costa Rica and Mauritius reflects a significant step forward in our nation's foreign trade

program and its aim to establish stronger, more integrated trading relationships with the

most dynamic markets around the world. These CEPAs, enhancing connectivity to centres
of growth in 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.”

HE Al Zeyoudi highlighted the program'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 program currently has 27 concluded deals, expanding access for UAE businesses

to over a quarter of the world's population.

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