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7/29/24, 3:16 PM UAE and Morocco finalise Cepa terms to boost trade and investment ties | The National
UAE and Morocco finalise Cepa terms to boost trade and investment ties

The agreement will create platforms for investment and private-sector collaboration in vital sectors

John Benny
28 July, 2024

The UAE and Morocco have finalised the terms of a Comprehensive Economic

Partnership Agreement, which will boost bilateral trade and investment ties and help the

UAE achieve its non-oil foreign trade target of Dh4 trillion ($1 trillion).

The bilateral trade deal will allow the free flow of goods and services by lowering or

removing tariffs, eliminating unnecessary trade barriers, and improving market access for

services, state news agency Wam reported on Saturday.

It will also establish platforms for investment and private-sector collaboration in priority

sectors such as renewable energy, tourism, infrastructure, mining, food security, transport,

logistics as well as information and communications technology.

“Our two brotherly nations already enjoy strong bilateral economic relations, and this

agreement will enable us to further develop areas of mutual benefit, particularly in sectors
such as tourism, energy, manufacturing and agriculture,” said Dr Thani Al Zeyoudi,

Minister of State for Foreign Trade.

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