Page 254 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

5/30/25, 4:39 PM UAE, EU advance free trade deal talks amid major investment announcements

Non-oil trade grows 3.6 percent in 2024

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.”

The EU is already one of the UAE’s key trading partners, accounting for 8.3 percent of non-oil
trade. In 2024, non-oil trade between the two reached $67.6 billion, representing a growth of 3.6
percent over 2023.

https://economymiddleeast.com/news/uae-eu-advance-free-trade-deal-talks-amid-major-investment-announcements/ 2/3