Page 229 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/29/24, 3:20 PM UAE-Vietnam CEPA marks substantial advancement within broader strategy to fortify Emirates' global economic partnerships: Mini…
partners and securing mutually beneficial deals, the UAE's Comprehensive

Economic Partnership Programme helps expand our global investment portfolio and

strengthens our position as a leading hub for foreign direct investment."

Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment,

stated: "The Comprehensive Economic Partnership Agreement between the UAE

and Vietnam represents a significant opportunity for both sides to collaborate on

climate change, food security, and environmental sustainability. Vietnam's robust

agricultural sector, especially in rice, cashew, coconut, spices, and dairy, coupled

with the UAE's extensive global trade network, positions us to address global food

security challenges. Together, we will foster sustainable agriculture, optimise food

supply chains, and mitigate climate change impacts."

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said: "The

Comprehensive Economic Partnership Agreement between the UAE and Vietnam
aligns with the nation's broader foreign trade strategy, aiming to increase non-oil

trade to AED4 trillion and non-oil exports to over AED800 billion by 2031.The
agreement solidifies Vietnam's status as the UAE's largest non-oil trading partner

within the ASEAN. It unlocks new avenues for cooperation in key sectors like food
production, apparel, textiles, machinery, and metals. Notably, non-oil bilateral trade

surged 8.7% to US$6.1 billion in the first half of 2024, with non-oil exports soaring
58.4% year-on-year."

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