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UAE-Vietnam CEPA marks substantial

advancement: Ministers

October 28, 2024 / 10:39 PM

Sharjah24 - WAM: UAE government ministers and officials, alongside top executives from local
entities, have underscored the importance of the Comprehensive Economic Partnership
Agreement (CEPA) with the Socialist Republic of Vietnam. They have noted that this CEPA marks a
substantial advancement within the UAE's broader strategy to fortify its global economic
partnerships. Vietnam, recognised as a strategic partner and a leading economic power in Asia, is a
key component of this endeavour.

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, said: "With the signing of the
Comprehensive Economic Partnership Agreement between the UAE and Vietnam, we are opening
new paths for economic cooperation that will benefit both countries. By removing trade barriers
and improving market access, this agreement will not only boost bilateral trade but also create new
investment opportunities, supporting growth, diversification, and solidifying our position as a global
hub for trade and investment."

Suhail bin Mohammed Faraj Al Mazrouei, Minister of Energy and Infrastructure, stated: “The
Comprehensive Economic Partnership Agreement with Vietnam opens new horizons for joint
cooperation in the energy and infrastructure sectors, which are key sectors for long-term
development for both countries. Vietnam’s growing renewable energy sector offers significant

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