Page 433 - 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…
to the UAE, Mauritius has leveraged its strategic location between two

continents to become a vibrant business and logistics hub. This CEPA will propel

trade volumes to new heights and solidify the status of Mauritius as a global
gateway to Africa. Furthermore, it will drive essential investment into key

sectors of the Mauritian economy, in particular energy, mining, agriculture, and

tourism, and ensure its financial system is built upon strong and sustainable

foundations.”

H.E. Sheikh Shakhboot added: “The UAE’s latest Comprehensive Economic

Partnership Agreement with Mauritius – the first the UAE has signed with a
country in Africa – reflects our commitment to deepening our ties with Africa, a

fast-growing continent that will be key to the world’s green energy and food

security agendas in the decades to come.”

H.E. stated: “The UAE has strengthened its international partnerships over the

past five decades and continues to build economic competitiveness and

sustainability. The objective is to become an international capital of investment
and economic innovation, fostering development opportunities by signing

comprehensive partnership agreements (CEPAs) with active economies.”

H.E. underlined that “The UAE has signed CEPAs with strategic partners and as

part of its long-term strategy to diversify its economic ties and develop strong

international partnerships in trading, industry, and investment, to create more

opportunities for the people of the region to achieve vital economic

development.”

His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign

Trade, stated: “The UAE remains firm in its belief that trade is the key to long-
term, sustainable growth as well as the continued diversification of our

economy. It is why we are seeking to increase the value of our non-oil foreign

trade to AED 4 trillion by 2031, almost double the AED 2.23 trillion we recorded

in 2022. Our Comprehensive Economic Partnership Agreement program is a

central component of this mission, creating a new network of trading partners

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