Page 572 - MOE ENGLISH PR REPORT - OCTOBER 2024

UAE And Malaysia Conclude Negotiations For

Comprehensive Economic Partnership Agreement

To Boost Trade

By OneArabia

Published: Thursday, October 10, 2024, 13:33 [GST]

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and Zafrul Aziz, Malaysia's
Minister of Investment, Trade and Industry, have announced the completion of negotiations for a
Comprehensive Economic Partnership Agreement (CEPA) between their countries. This agreement
aims to remove or reduce tariffs, lower trade barriers, encourage private-sector cooperation, and
create new investment opportunities.
The UAE and Malaysia have been strengthening their economic ties. In 2023, their bilateral non-oil
trade surpassed US$4.9 billion. During the first half of 2024, this trade reached US$2.5 billion,
marking a 7% increase compared to the same period in 2023.

Malaysia ranks as the UAE’s 12th-largest Asian trading partner and fifth among ASEAN countries.
Meanwhile, the UAE is Malaysia’s second-largest trade partner in the Arab world, accounting for
32% of Malaysia’s trade with Arab nations. The UAE also receives 40% of Malaysia's merchandise
exports to the Arab world.

https://www.onearabia.me/business/uae-malaysia-conclude-negotiations-towards-cepa-011-
72683.html