Page 681 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/17/24, 5:14 PM UAE and Serbia announce CEPA deal, eye $500m trade boost - Arabian Business: Latest News on the Middle East, Real Estate, …
Sheikh Mohamed bin Zayed Al Nahyan said: “The CEPA exchange with Serbia is a notable
step forward in our efforts to create a network of trade agreements that will accelerate

investment, promote knowledge-sharing, and create opportunities for joint ventures in
high-growth sectors.

UAE-Serbia CEPA trade deal

“Serbia represents an important addition to the CEPA programme and a bridge into the
high-potential region of Eastern Europe.

“The UAE-Serbia CEPA reflects our shared ambition to establish a new era of collaboration
between our nations and unlock long-term, sustainable growth for both our economies.”

The CEPA builds on developing relations between the UAE and Serbia. The UAE is the third-
largest market for Serbian exports in the Middle East, and increased FDI has been directed

toward high-priority sectors, including renewable energy, agriculture, food security,

infrastructure, and logistics.

The agreement 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.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade said the agreement
constitutes a vital bridge to the Balkans and the 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.

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