Page 427 - MOE ENGLISH PR REPORT - JULY 2024

7/23/24, 11:23 AM UAE ministers and officials emphasize the importance of the Comprehensive Economic Partnership agreement with Mauritius
global trade, business and investment hub and cement the country’s reputation as a champion of
international cooperation and regional stability.”

His Excellency added: “The agreement with Mauritius will deliver clear economic benefits to both nations
and also underpin the UAE’s efforts in supporting emerging nations leverage the advantages of the

global trading system as they pursue long-term, sustainable development. This agreement will deliver a
range of economic benefits to both countries and we look forward to the increase in trade flows and
investment projects it will now create.”

His Excellency 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 both regionally and globally.”

His Excellency 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, as well as 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
not only helping to drive growth and economic diversification, it is 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 program 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.”

His Excellency 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, as well as 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

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