Page 520 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/25/24, 9:29 AM UAE seals bilateral trade talks with Malaysia
The UAE and Malaysia have concluded talks on a bilateral trade deal known as a

Comprehensive Economic Partnership Agreement (CEPA ), a deal that is expected to boost
investment in the Southeast Asian country by the Gulf state’s sovereign wealth funds.

The trade agreement, which is expected to facilitate trade and investment flows, builds on
deepening economic ties between the two nations, which saw bilateral non-oil trade

exceeding $4.9bn in 2023.

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Non-oil trade between the UAE and Malaysia reached $2.5bn in the first half of 2024, a 7

per cent increase compared to the same period in 2023.

The UAE is a significant trading partner for Malaysia, particularly within the Arab world. It

ranks as Malaysia’s second-largest trade partner in this region, accounting for 32 per cent
of Malaysia’s total trade with Arab nations.

In terms of merchandise exports, the UAE is the destination for 40 per cent of Malaysia’s

goods exported to the Arab world.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, emphasised that the

UAE’s ongoing efforts to establish CEPAs with various countries around the globe

demonstrate its strategic vision.

“Malaysia is a long-standing and trusted trade partner that, like the UAE, is seeking to

enhance its economic prospects through increased trade and targeted investment,” said Al

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