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7/23/24, 11:23 AM PRESSR: UAE ministers and officials emphasize the importance of the Comprehensive Economic Partnership agreement with Ma…
across the world that will enable us to establish new market opportunities for
our exporters, increase the flow of goods into our ports and industrial zones,
create new avenues for investment and benefit from the latest innovations and
ideas from the global economy.”
His Excellency added: “Our latest deal with Mauritius, a growth-oriented island
nation strategically located in the Indian Ocean, is another important
achievement. By eliminating or reducing tariffs, removing barriers to trade and
enhancing market access, we will push our bilateral non-oil trade beyond
US$500 million within five years – and boost the UAE’s GDP by 0.96 percent in
the same period.”
His Excellency Ahmed Ali Al Sayegh, Minister of State, remarked: “The UAE-
Mauritius Comprehensive Economic Partnership Agreement is a significant
addition to our CEPA program, which was a major component of the ‘Projects of
the 50’, launched in September 2021 to strengthen the UAE's position as a
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
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