Page 689 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/17/24, 5:14 PM UAE Signs First CEPA with Non-WTO Member Serbia
UAE SIGNS FIRST CEPA WITH

NON-WTO MEMBER SERBIA

TEXT: LARA PALMER 05.10.2024

Agreement aims to boost non-oil trade, investment, and cooperation between UAE and Serbia.

The UAE has signed a Comprehensive Economic Partnership
Agreement (CEPA) with Serbia, marking the first such
agreement with a non-WTO member country. This agreement
includes tariff reductions and eliminations on up to 96% of
customs tariff lines, a significant step compared to agreements
with other countries, all of which are WTO members.

This initiative is driven by the substantial potential to enhance
non-oil trade between the two nations, according to Dr. Thani
bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade.
He stated to the Emirates News Agency (WAM) that the
agreement serves as a crucial link to the Balkans and Southeast

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