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10/18/24, 9:55 AM UAE-Jordan trade projected to reach $8bn after CEPA signing, minister says
UAE-Jordan trade projected to reach

$8bn after CEPA signing, minister says

Short Url https://arab.news/meq9t

Updated 07 October Deal will create growth opportunities for businesses, young entrepreneurs, and
2024
startups in both nations
NIRMAL
NARAYANAN Mutual investments between the UAE and Jordan are estimated at around $22.5
billion

October 07, 2024
11:42
RIYADH: Bilateral trade between the UAE and Jordan is projected to increase to

$8 billion by 2032, up from $4.2 billion in 2023, following the signing of a
388
Comprehensive Economic Partnership Agreement, said a top official.

UAE Minister of State for Foreign Trade Thani bin Ahmed Al-Zeyoudi

emphasized that the CEPA, signed on Oct. 6, will create growth opportunities for
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businesses, young entrepreneurs, and startups in both nations.

He said the agreement followed a series of negotiations and coordination meetings
held in a short period, as reported by the state news agency WAM.

The UAE has been actively strengthening its trade ties globally to enhance non-oil
trade, in line with its economic diversification efforts, and in September the

Emirates concluded talks to sign CEPAs with New Zealand and Australia, while
also planning negotiations with Japan for a similar agreement.

“The agreement will come into effect later this year after its ratification, and will

mark the culmination of a long-standing, deep-rooted relationship between the two
brotherly countries and their peoples,” Al-Zeyoudi told WAM after signing the
CEPA with Jordan.

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