Page 272 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/24/25, 9:49 AM UAE, Costa Rica Promote Trade, Investment Opportunities - UrduPoint
The forum was attended by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for

Foreign Trade, and Manuel Tovar Rivera, Minister of Foreign Trade of Costa Rica,

alongside key stakeholders from the public and private sectors of both countries.

Other notable speakers included Francisco Chacon, Ambassador of Costa Rica to

the UAE; Essa Abdulla Al Ghurair, Chairman of Essa Al Ghurair Investment;

William Reuben-Soto, President of the Dubai-Costa Rica Business Council; Mrs.
Laura Lopez Salazar, CEO of PROCOMER; and Mr. Julian Aguilar, Coordinator

for middle Eastern Affairs at the Ministry of Foreign Trade of Costa Rica.

Speaking at the forum, Al Zeyoudi highlighted the strong potential of the UAE-

Costa Rica CEPA in boosting bilateral trade and investment flows, stating, “This

CEPA is a catalyst for deeper economic collaboration, opening new avenues in
trade, investment, and innovation for both our nations. Costa Rica is one of the

most dynamic and forward-thinking economies in Central America, recognised for

its expertise in technology, advanced manufacturing, and commitment to

sustainable growth. Meanwhile, the UAE stands as a global trade and
investment hub, offering Costa Rican businesses unparalleled access

to markets across the Middle East, Asia, and Africa. By removing trade barriers,

facilitating investment flows, and fostering cooperation in key sectors,

this agreement lays the foundation for a new era of mutually beneficial economic

prosperity.”

On the Costa Rican side, Manuel Tovar Rivera said, “The CEPA with the United

Arab Emirates reflects Costa Rica’s strong commitment to market diversification

and expanding our export opportunities. As the first Latin American country to

conclude a trade agreement with the UAE, Costa Rica gains preferential access to
a sophisticated and dynamic market while fostering investment and collaboration

in key sectors for national development.

This milestone strengthens our global trade position and opens new opportunities

for strategic industries.”

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