Page 435 - 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…
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

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