Page 329 - MOE ENGLISH PR REPORT - AUGUST 2024

8/26/24, 4:54 PM UAE's first-half non-oil foreign trade hits record $381bn on growing Cepa deals | The National
The Emirates' Cepa programme is expected to grow the country's exports by 33 per cent

and contribute more than Dh153 billion to GDP by 2031.

The UAE aims to sign 26 Cepas. While deals have been signed

with India, Turkey, Israel, Indonesia, Cambodia and Georgia, talks are under way
with Serbia, Vietnam, the Philippines, New Zealand and Ecuador.

While the global growth rate for foreign trade has remained around 1.5 per cent during the

first six months, the UAE's double-digit expansion indicates that the Emirates remains on

course to achieve its trade and economic goals, Dr Thani Al Zeyoudi, Minister of State for

Foreign Trade, said in a separate statement on Sunday.

“Our performance defies the global trend of slowing trade growth, ... [and the]

achievement shows the UAE economy’s resilience, which is the result of our steadfast

https://www.thenationalnews.com/business/economy/2024/08/25/uaes-first-half-non-oil-foreign-trade-hits-record-381bn-on-growing-cepa-deals/ 2/4