Page 230 - 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…
Ahmed bin Ali Al-Sayegh, Minister of State, said: "The Comprehensive Economic

Partnership Agreements that the UAE continues to conclude highlight the country's

approach to international relations, which is based on mutual interest and joint

growth. Our agreement with Vietnam marks another important milestone in the

UAE's foreign trade strategy, as Vietnam's robust export economy - especially in

textiles and agriculture - aligns with our global connectivity to secure supply chains

between East and West. By strengthening relations with Vietnam, we also enhance

our connections with ASEAN, a high-growth region that offers numerous

opportunities for the private sectors of both countries."

Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE),

said: "The UAE's cooperation with the Socialist Republic of Vietnam under the

Comprehensive Economic Partnership Agreement underscores the wise leadership's

efforts and interest in economic diversification and opening new horizons for

exchanging expertise across various sectors, thereby enhancing the country's

competitiveness. This agreement aims to positively increase bilateral trade and

investments, which will contribute to economic growth and financial stability in the

coming years. We at the Central Bank of the UAE affirm our commitment to

achieving these goals and ensuring the financial frameworks that support all

sectors."

https://www.bignewsnetwork.com/news/274736492/uae-vietnam-cepa-marks-substantial-advancement-within-broader-strategy-to-fortify-emirates-glob… 5/5