Page 641 - MOE ENGLISH PR REPORT - OCTOBER 2024

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