Page 629 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/18/24, 9:45 AM CEPA with Jordan strategic leap for trade, investment, say UAE officials – The Gulf Time Newspaper
services, and agriculture.
Mohamed Hassan Alsuwaidi, Minister of Investment, said, “As the UAE embarks on an ambitious growth agenda focused on
strategic investments in high-potential sectors globally, Jordan stands out as a promising partner in areas such as energy,
manufacturing, tourism, healthcare, and real estate.”
He highlighted that mutual investments between the two countries have exceeded US$22.5 billion, reflecting the deep
economic, cultural, and social ties that bind Jordan and the UAE.
Dr. Amna bint Abdullah Al Dahak Al Shamsi, Minister of Climate Change and the Environment, explained that the agreement
opens doors for strategic investments and joint projects that can support sustainable agriculture, enhance food production,
improve land use, and optimise resource consumption. “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.”
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, affirmed that Jordan is a key regional trade partner for the

UAE, adding that in 2023, non-oil trade between the two countries exceeded US$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.
Khaled Mohamed Balama, Governor of the Central Bank of the UAE, 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.
Ahmed Abdullah bin Lahej Al Falasi, Director-General of Customs at the Federal Authority for Identity, Citizenship, Customs
and Port Security, 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.”
Abdulla Mohammed Al Basti, Secretary-General of the Executive Council of Dubai, 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.”

https://gulftime.ae/cepa-with-jordan-strategic-leap-for-trade-investment-say-uae-officials/#:~:text=ABU DHABI/WAM Several UAE ministers and official… 2/2