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10/23/24, 9:49 AM UAE and Malaysia conclude Cepa negotiations | The National
UAE and Malaysia conclude Cepa negotiations
Deal builds on bilateral non-oil trade that rose 7% year-on-year to $2.5 billion in the first six months of 2024
The National
October 10, 2024
The UAE and Malaysia have concluded negotiations on a comprehensive economic
partnership agreement (Cepa) that seeks to ease tariffs, reduce trade barriers, promote
private-sector collaboration and boost investments.
The deal reflects the “productive relations” between the UAE and Malaysia – and South-
East Asia as a whole – with the Asean country being a long-standing and trusted trade
partner that, like the Emirates, is seeking to strengthen its economic prospects through
increased trade and targeted investment, Dr Thani Al Zeyoudi, UAE Minister of State for
Foreign Trade, said in a statement on Thursday.
“As the fourth-largest economy in the South-East Asia region, and with economic growth
in 2024 set to outstrip forecasts, Malaysia offers substantial opportunity for our exporters,
industrialists and business leaders, especially in high-growth sectors such as energy,
logistics, manufacturing and financial services,” he said.
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