Page 566 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/23/24, 9:53 AM UAE and Malaysia conclude CEPA talks as the look to boost $4.9bn trade partnership - Arabian Business: Latest News on the Mid…
such as electrical and electronics, machineries, jewellery, prepared foodstuff, tropical fruits,
palm oil, cocoa and rubber would immediately enjoy zero import duties when this

Agreement comes into force.

“The CEPA is also a strategic lever for UAE-based companies to optimise Malaysia as a
gateway into the ASEAN market, which in turn, will provide tremendous opportunities for

our businesses – particularly the SMEs – through integration into regional supply chains,
capacity-building and knowledge sharing via the UAE investors.

“MITI looks forward to working closely with Dr. Thani bin Ahmed Al Zeyoudi to ensure the

swift ratification an implementation of the CEPA”.

The UAE’s CEPA programme aims to increase the country’s non-oil foreign trade to AED4tn
($1.1tn) by expanding relations with strategically important markets around the world.

It has seen the United Arab Emirates strengthen ties with the ASEAN bloc, with
Comprehensive Economic Partnership Agreements with Indonesia and Cambodia now in
operation, each helping to accelerate bilateral trade.

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