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Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said the Cepa between the UAE
and Serbia features a tariff reduction and elimination of up to 96 per cent across customs tariff
lines, compared to some countries with which agreements have been signed, all of which are WTO
members. This initiative comes in light of the significant potential to increase non-oil trade between
the two friendly countries, Dr. Al Zeyoudi said.

The minister said the agreement constitutes a vital bridge to the Balkans and Southeast Europe
with great economic potential, adding that it reflects the common ambition between the UAE and
Serbia and contributes to launching a new era of bilateral cooperation and stimulating sustainable
growth of the economies of both countries.

The minister pointed out that the UAE is Serbia's largest trading partner among the GCC countries,
accounting for 55 per cent of Serbia's trade with Gulf nations. “The UAE is currently the third-largest
market for Serbian exports in the Middle East and the fourth-largest trading partner for Serbia
among Arab countries and Africa, according to 2023 data.”

Dr. Al Zeyoudi added that FDI between the two countries have increased toward high-priority
sectors, including renewable energy, agriculture, food security, infrastructure and logistics services.

https://www.khaleejtimes.com/business/economy/uae-serbia-cepa-set-to-add-351m-to-gdp