Page 634 - 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 - UrduPoint

UAE’s Comprehensive Economic

Partnership Agreements With Costa

Rica, Mauritius Come Into Force

Sumaira FH Published April 02, 2025 | 12:00 PM

ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 02nd Apr, 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,

Türkiye, Indonesia, Cambodia and Georgia since the launch of the programme 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.

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