Page 637 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/18/24, 9:46 AM CEPA with Jordan strategic leap for trade, investment, say UAE officials
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."

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