Page 432 - MOE ENGLISH PR REPORT - JULY 2024

7/23/24, 11:23 AM PRESSR: UAE ministers and officials emphasize the importance of the Comprehensive Economic Partnership agreement with Ma…
His Excellency added: “The Comprehensive Economic Partnership Agreement

between the UAE and Mauritius, the first of its kind with an African country, is

expected to facilitate increased investment flows with this fast-growing
economy. This agreement, particularly beneficial for Emirati companies

specialized in the services sector, which accounts for approximately 67% of

Mauritius’s GDP, will unlock numerous opportunities for collaboration and

investment.

Al Suwaidi added: “Sectors such as ICT, tourism, transport, and financial

services are especially set for growth and represent attractive investment
prospects for Emirati companies seeking to expand into Africa. We look forward

to working with our partners in Mauritius to leverage the potential of this

agreement and realize its ambitious goals.”

Her Excellency Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and

Environment, said: “The UAE’s Comprehensive Economic Partnership Agreement

with Mauritius is an important addition to the nation’s foreign trade agenda, in
particular our pursuit of food security. Arable land is one of the most critical

natural resources in Mauritius, representing nearly 40% of the country’s total

area, and our nations not only have the opportunity to develop this critical

sector, we can also join forces to offset the impact of climate change which

threatens its long-term viability.”

Her Excellency added: “Mauritius is already taking a number of important steps

in this area, including reducing pesticides and driving self-sufficiency by
promoting local crops, agro-processing, and smart agriculture. Our investors can

support these efforts and develop value chains that deliver greater and more

consistent benefits to producers – and ensure their products find new markets

across Asia and on into Europe.”

His Excellency Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, said:

“The Comprehensive Economic Partnership Agreement between the UAE and the

Republic of Mauritius is an important milestone in our bilateral relations. Similar

https://www.tradingview.com/news/reuters.com,2024-07-22:newsml_Zaw3GqCF0:0-pressr-uae-ministers-and-officials-emphasize-the-importance-of-th… 4/8