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7/23/24, 11:21 AM UAE and Mauritius sign comprehensive economic partnership agreement | The National
The UAE is currently the eighth-largest investor in Mauritius, with $13.2 billion invested

in the country, supporting projects in tourism, real estate, renewable energy and

technology.

The Cepa is hoped to further "deepen trade and investment ties, accelerate growth in
priority industries, create jobs, strengthen supply chains and streamline market access for

UAE and Mauritian businesses", the statement said.

"This agreement is not just about eliminating barriers to trade in goods and services; it is

about fostering a deeper understanding and partnership that will benefit both our

economies and our people and the wider Gulf region and Africa," said Pravind Kumar

Jugnauth, Prime Minister of Mauritius.

"The UAE is an important partner in facilitating the free flow of global trade and

investment, fostering international co-operation and maintaining regional stability."

The Emirates is seeking to expand trade with partners as it pursues its target of Dh4

trillion ($1.1 trillion) in non-oil foreign trade and increasing its exports to Dh800 billion

by 2031.

Last year, the country's non-oil trade in goods reached an all-time high of $701 billion, a

12.6 per cent annual increase.

To further grow its trade, the UAE aims to sign 26 Cepas. While deals have been signed

with India, Turkey, Israel, Indonesia, Cambodia and Georgia, talks are under way

with Serbia, Vietnam, the Philippines, New Zealand and Ecuador.

Overall, Cepas are expected to add about 2.6 per cent to the UAE's economy by 2030, Dr

Al Thani previously said.

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