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10/17/24, 5:14 PM UAE-Serbia Cepa Set To Add $351M To GDP
UAE-Serbia Cepa Set To Add $351M To GDP
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10/6/2024 3:02:41 PM
(MENAFN- Khaleej Times) The UAE signed its latest Comprehensive Economic Partnership
Agreement (Cepa) with Serbia on Saturday and said the strategic trade deal would add $351
million to the UAE's GDP by 2032.
The agreement, which marks the first under the UAE's comprehensive economic partnership
programme with a country that is not a member of the World Trade Organisation, is also
expected to boost bilateral non-oil trade to $500 million over the next five years from the
$122.9 million in 2023, while paving the way for increased trade and investment flows and
bilateral private sector collaboration.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan, who witnessed the signing of
the agreement on Saturday in Belgrade said the deal "paves the way for a new era of
economic cooperation and affirms our shared commitment to fostering lasting growth and
prosperity for our countries and people."
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