Page 632 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/7/25, 5:18 PM UAE's Comprehensive Economic Partnership Agreements with Costa Rica, Mauritius come into force
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."

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

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