Page 245 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

5/30/25, 4:38 PM Non-oil trade between UAE and EU reached $67.6 billion in 2024

The EU is already one of the UAE’s key trading partners, accounting for 8.3 per cent of non-oil trade.

In 2024, non-oil trade between the two reached $67.6 billion, representing a growth of 3.6 per cent
over 2023.

The UAE-EU CEPA is poised to be a significant milestone in strengthening economic ties and
unlocking new avenues for trade and cooperation. The agreement will pave the way for the removal
of trade barriers, enhance market access for goods and services, and stimulate investment in key
sectors. By consolidating access to the EU market, the second largest economic bloc in the world,
the CEPA will reinforce the UAE’s status as a global trade and logistics hub.

Al Zeyoudi emphasised the importance of the CEPA with the EU, stating, “Our negotiations toward a
UAE-EU Comprehensive Economic Partnership Agreement is of great importance to both the UAE
and the EU and represents an extraordinary opportunity for us both to

enhance trade and investment ties that will foster greater collaboration and create mutual benefits
and prosperity. By working together, we will strengthen our supply chains, drive innovation, and
create jobs that will benefit our communities and economies for many years to come.”

Al Zeyoudi: “Our negotiations toward a UAE-EU CEPA is of great importance to both the UAE and the
EU and represents an extraordinary opportunity for us both to enhance trade and investment ties that
will foster greater collaboration and create mutual benefits and prosperity.”

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.”

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