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10/23/24, 9:52 AM UAE, Malaysia conclude negotiations towards CEPA - HIT 96.7 - The leading Malayalam FM radio station in the UAE
He emphasised the strong relationship between the UAE and Malaysia, describing Malaysia as a trusted partner
that, like the UAE, is focused on enhancing economic prospects through increased trade and targeted investment.
As the fourth-largest economy in Southeast Asia, Malaysia is projected to experience significant economic growth in
2024, presenting substantial opportunities for UAE exporters and business leaders, particularly in high-growth
sectors such as energy, logistics, manufacturing and financial services.
"As Malaysia's first, historic Free Trade Agreement with a GCC nation, I am confident the CEPA will enhance trade,
boost investments, and deepen the Malaysia-UAE economic ties," said Zafrul Aziz, Malaysia's Minister of
Investment, Trade and Industry.
The UAE’s CEPA initiative aims to boost non-oil foreign trade to AED 4 trillion by strengthening ties with key global
markets.
The UAE has already made strides in its relationships with the ASEAN bloc, with Comprehensive Economic
Partnership Agreements in place with Indonesia and Cambodia, further accelerating bilateral trade.
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