Page 267 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/24/25, 9:48 AM UAE, Costa Rica promote trade, investment opportunities

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers,

commented, "The UAE enjoys strong economic ties with the Republic of Costa

Rica. The Comprehensive Economic Partnership Agreement between our countries

will further enhance bilateral trade and investments, while also fostering mutual

opportunities for the business communities in both markets across diverse sectors."

He added, "At Dubai Chambers, we are dedicated to supporting international

partnerships to achieve economic and developmental goals and contribute to the

expansion of global trade and investments. We remain committed to enhancing the

ability of companies and investors from Costa Rica to achieve business growth in

Dubai and leverage the emirate as a gateway for expansion into global markets."

The UAE-Costa Rica CEPA eliminates or reduces tariffs on a wide range of goods,
simplifies customs procedures, and enhances market access for services and

investment. It is designed to support growth in priority sectors, including renewable
energy, logistics and infrastructure, advanced manufacturing and technology, food

security and agribusiness, and tourism and hospitality.

Costa Rica is a regional leader in high-value products such as medical devices,

agricultural goods, advanced manufacturing components, in addition to renewable

energy and eco-tourism.

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