Page 627 - MOE ENGLISH PR REPORT - OCTOBER 2024

“It also allows us to create vital value chains that provide more consistent benefits for producers
and ensure their products reach new markets across Asia through the UAE's global logistics hubs.”

Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, affirmed that Jordan is a key
regional trade partner for the UAE, adding that in 2023, non-oil trade between the two countries
exceeded $4.1 billion, marking a 46.1 percent increase compared to pre-pandemic levels in 2019.

Khalifa Shaheen Al Marar, Minister of State, noted, "This agreement enhances bilateral economic
cooperation and provides new investment opportunities in energy, manufacturing, agriculture, and
transportation."

Ahmed Ali Al Sayegh, Minister of State, stated that CEPA will align the efforts of both nations to
achieve sustainable growth and comprehensive development, contributing to greater political and
economic stability in the region.

He expressed optimism about exploring new trade and investment opportunities that will bring
long-term benefits to both countries and the broader Arab world.

Governor of the Central Bank of the UAE, Khaled Mohamed Balama, said that the CEPA offers new
opportunities for financial cooperation, further facilitating the bilateral flow of goods, services and
investments, solidifying the UAE’s position as a global hub for business and innovation.

Director-General of Customs at the Federal Authority for Identity, Citizenship, Customs, and Port
Security, Ahmed Abdullah bin Lahej Al Falasi, said that the agreement will facilitate increased
bilateral trade flows by reducing tariffs, removing trade barriers, and aligning customs procedures,
including re-exports, which will boost productivity across all industrial sectors.

“The agreement also supports the national vision to expand foreign trade, contributing to the goal of
doubling the size of the UAE's economy by 2031.”

Secretary-General of the Executive Council of Dubai, Abdulla Mohammed Al Basti, highlighted,
"The agreement allows Jordanian businesses to tap into global markets through the UAE's
advanced infrastructure, while expanding investment opportunities in sectors like tourism and
healthcare in Jordan,and supporting the development of vital regional supply chains."

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