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5/30/25, 4:56 PM UAE, EU continue talks on Comprehensive Economic Partnership Agreement - Eye of Dubai

Maroš Šefčovič commented, “Europe continues to be a reliable trading partner, which respects the deals it makes. And it is
natural to seek to grow our relations with long-standing and trusted partners like the United Arab Emirates. A bilateral FTA

would unlock tremendous business opportunities for European and Emirati businesses alike. Our aim is therefore to reach an
ambitious deal that is commercially meaningful on both sides – one that brings tangible, lasting benefits, along with
predictability, so essential to any successful business. This would add strength to our regional cooperation with the Gulf

Cooperation Council countries.”

During the investment roundtable, representatives from the UAE and the European private sectors, engaged in discussions to
identify mutual investment opportunities that can drive innovation and sustainable economic development.

FDI flows between the UAE and EU are strong and robust, with recent partnerships in data centres in Italy, solar plants in
Spain, and neighbourhood redevelopment in Budapest. A UAE-EU CEPA has the potential to unlock further opportunities,
including a US$50 billion AI data centre deal with France and a US$40 billion commitment in Italy’s energy and defense

sectors.

The CEPA programme is a key pillar of the UAE's foreign trade agenda, reflecting the nation's commitment to open, rules-
based trade to drive economic growth and diversify its economy.

By enhancing access to global markets and establishing stronger trade and investment flows with partners around the world,
the CEPA programme has contributed to a record non-oil trade of US$816 billion in 2024, marking a 14.6% increase over

2023.

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