Page 244 - MOE ENGLISH PR REPORT - MARCH 2025
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3/20/25, 1:11 PM UAE, Tunisia Launch CEPA Negotiations - UrduPoint
Samir Obeid emphasised that the commencement of official negotiations forges an
innovative path for economic and trade cooperation between the two countries. He
stated, “The agreement we are working towards will mark a pivotal shift in
establishing a comprehensive new framework for economic and trade
collaboration between our nations, serving the interests of both countries and
opening up extensive opportunities for joint cooperation in priority areas, ensuring
mutual benefits for both sides.”
The UAE and Tunisia will now proceed to negotiate the specific chapters and
provisions covered by the CEPA to deliver a balanced and fair deal. Upon
successful conclusion, the CEPA has the potential to unlock significant investment
opportunities in Tunisia, with its diverse economy and strong export portfolio that
includes key sectors such as agriculture, manufacturing, and renewable energy.
The CEPA will serve as a catalyst for collaboration, enabling UAE investors to
explore a range of high-potential sectors while enhancing Tunisia's access to GCC
and global markets.
The initiation of negotiations with Tunisia aligns with the UAE's broader strategy to
double the size of its economy and further expand its role in international trade.
With 26 CEPA’s concluded and numerous agreements already in force, the
program has played a crucial role in enhancing access to high-growth markets,
contributing significantly to the UAE’s total trade that, in 2024, reached an all-time
high of US$816 billion, marking a 14.6% increase over 2023.
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