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7/23/24, 11:21 AM UAE and Mauritius sign comprehensive economic partnership agreement | The National
UAE and Mauritius sign comprehensive economic partnership agreement

Deal expected to add 1% to Mauritius economy and 0.96% to UAE’s GDP by 2030

Aarti Nagraj
22 July, 2024

The UAE signed a comprehensive economic partnership agreement with Mauritius on

Monday, with the pact expected to boost both economies by removing tariffs and

increasing market access.

The terms for the agreement were concluded in December and it marks the UAE’s first

Cepa signed with an African country, the government said in a statement.

Under the deal, Mauritius will remove 99 per cent of tariffs on imports from the UAE,

while the Emirates will eliminate 97 per cent of its fees.

It is expected to boost the UAE's GDP by 0.96 per cent, while adding more than 1 per cent

to the economy of Mauritius by 2030, officials said.

The agreement "reflects our shared vision and dedication to improving bilateral relations,

promoting economic growth, and generating a wealth of opportunities for our peoples",

said Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.

The two countries are deepening trade and investment ties – non-oil trade rose 82.5 per

cent annually to $76 million from January to April, according to official data.

In 2023, two-way trade reached $170.4 million, up 14.5 per cent compared to 2022.

"By eliminating or reducing tariffs, removing barriers to trade and enhancing market

access, we will push our bilateral non-oil trade beyond $500 million within five years,"

said Dr Thani Al Zeyoudi, Minister of State for Foreign Trade.

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