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UAE and Malaysia sign Cepa to increase bilateral trade

By Neil Halligan

October 11, 2024, 2:31 PM

Brendan McDermid/Reuters
Dr Thani bin Ahmed Al Zeyoudi, the UAE’s minister of state for foreign trade, said: "Malaysia offers
substantial opportunity for our exporters, industrialists and business leaders"

• UAE’s 12th Cepa agreement

• Eliminates or reduces tariffs

• Gateway to the Asean market
The UAE and Malaysia have signed a free trade deal, bringing the number of deals the Gulf state has
agreed with foreign governments to 12.

The comprehensive economic partnership agreement (Cepa) will seek to eliminate or reduce
tariffs, lower trade barriers, increase private sector collaboration and create new investment
opportunities, the two countries said in a joint statement.

Non-oil trade between them surpassed $4.9 billion in 2023. In the first half of this year, non-oil trade
reached $2.5 billion, a 7 percent increase on the same period last year.

https://www.agbi.com/trade/2024/10/uae-and-malaysia-sign-cepa-to-increase-bilateral-trade/