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6/10/25, 11:41 AM UAE-Serbia Comprehensive Economic Partnership Agreement officially comes into force - Aletihad News Center
agreement we are committed to unlocking significant opportunities that will create jobs, strengthen supply chains, and

facilitate a thriving environment for businesses in both countries.”

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The UAE-Serbia CEPA aims to boost bilateral non-oil trade, which reached approximately $121.4 million in 2024,
double the level of trade when compared to 2021, with projections indicating a substantial increase in bilateral trade

that will contribute $351 million to UAE GDP by 2031.

This growth is anticipated through the elimination and reduction of custom duties for over 96% of tariff lines, thereby

enhancing market access and fostering a more conducive environment for private sector collaboration.

Serbia is an important partner for the UAE, with its diverse economy and strategic location providing a vital gateway

into Eastern Europe and the Balkans. The CEPA is expected to not only enhance trade but also increase private
sector collaboration and promote investments in priority sectors such as renewable energy, agriculture, logistics, and

technology.

The UAE is Serbia’s leading trading partner in the GCC, accounting for approximately 55% of its total trade with the

region in 2023.

The bilateral relationship has been further strengthened by increasing flows of FDI, which has been directed towards

high-growth sectors, enhancing shared economic interests. With the CEPA now ratified and officially in force, both

nations can leverage the agreement to foster economic growth and create opportunities that will benefit their citizens.

The CEPA programme is a cornerstone of the UAE's strategic growth objectives, aiming to increase total non-oil trade

to $1.1 trillion by 2031 and doubling the size of the economy to $800 billion by 2031.

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