Page 421 - MOE ENGLISH PR REPORT - JULY 2024

will now create.”

Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates,
said, "The UAE continues to forge economic partnerships to achieve sustainable growth
and enhance prosperity and stability regionally and globally.”

He added: “The Comprehensive Economic Partnership Agreement between the UAE
and the Republic of Mauritius is part of the UAE's efforts to strengthen international
cooperation, boost economic growth, increase trade exchange, provide more
investment opportunities, and stimulate and grow UAE exports by creating new sources
of added value. As a model of financial and monetary stability with an efficient and
resilient global financial system, the bilateral partnership agreement offers extensive
opportunities for both countries to enhance cooperation and joint work in the financial
services sector, and in trade and investment fields, ensuring mutual benefit for the two
friendly nations."

Ahmed Abdullah bin Lahej, Director-General of the Federal Customs Authority, said.
“The UAE has now become an integrated strategic trading hub and an important
destination on global supply chains. This is helping to drive growth and economic
diversification, and ensuring we are taking a leadership role in global trade – from
innovation to governance. By reducing and removing tariffs and eliminating
unnecessary barriers to trade, our Comprehensive Economic Partnership Agreement
programme is another important component of our role as a trade facilitator. The latest
deal with Mauritius will offer substantial benefits to both nations, spurring a new era of
trade between the UAE and the Republic of Mauritius, as well as between the UAE and
Africa.”

Abdulla Mohammed AlBasti, Secretary-General of the Executive Council of Dubai, said,
“The UAE-Mauritius Comprehensive Economic Partnership Agreement (CEPA) marks a
significant milestone in the UAE’s ongoing efforts to forge international partnerships that
facilitate global trade, foster development and economic cooperation, and strengthen its
position as a major logistics hub. The agreement with Mauritius builds on a long history
of bilateral trade and strategic investments, embodied by the inauguration of the
representative office of the Economic Development Board of Mauritius in Dubai in
March 2022.”

He added, “This CEPA will provide UAE exporters and investors access to one of the
most promising economies in the region while leveraging opportunities in a country that
is strategically positioned as a gateway to Africa and the Global South. It will accelerate
the flow of goods and services between our nations. It will also contribute to a

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