Page 522 - MOE ENGLISH PR REPORT - JANUARY 2025

leadership in sustain able agricultural practices an d en ergy

in depen den ce.

Dr. Than i bin Ahm ed Al Zeyoudi, Min ister of State for Foreign
Trade, highlighted the agreem en t's role in providing UAE

exporters w ith en han ced access to a sign ifican t m arket w hile

open in g new aven ues for in vestm en t in priority sectors,
in cludin g agriculture an d ren ew able en ergy.

Al Zeyoudi added that n on -oil trade betw een the tw o n ation s

reached US$642 m illion durin g the first n in e m onths of 2024,

m arkin g an 8 percen t in crease com pared to the sam e period in
2023. The agreem en t is expected to secure a critical supply
chain in the Pacific region , con tributin g to the UAE's goal of

reachin g AED4 trillion in non -oil foreign trade by 2031.

Ahm ed bin Ali Al Sayegh, Min ister of State, stated that the
CEPA em bodies the UAE's com m itm en t to strengthen in g
partn erships globally, reflectin g its in tern ation al vision an d

dedication to allian ces built on m utual in terests.

Khaled Moham ed Balam a, Govern or of the Central Ban k of the
UAE (CBUAE), said the CEPA w ould open n ew horizon s for
busin esses in both coun tries to explore in vestm ent

opportun ities in various sectors, in cludin g fin an cial services,
w hile en han cin g fin an cial and banking cooperation.

Ahm ed Abdullah bin Lahej, Director-Gen eral of Custom s an d
Ports Security at the Federal Authority for Identity, Citizen ship,

Custom s an d Port Security, highlighted the CEPA as a pivotal
step in advan cin g the UAE's extern al trade n etw ork,

sim plifyin g custom s procedures, an d im provin g trade
efficien cy betw een the tw o n ation s.

Abdullah Al Basti, Secretary-General of Dubai Executive
Coun cil, described the CEPA as tran sform ative in

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