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million to UAE GDP by 2031. This is to be achieved by eliminating or reducing customs duties for
over 96% of tariff lines, thereby enhancing market access.

Serbia: A strategic gateway to Europe
Serbia’s strategic location and diversified economy make it a key partner for the UAE. The CEPA will
enable increased trade and investments in critical sectors such as renewable energy, agriculture,
logistics, and technology. With the UAE already accounting for 55% of Serbia’s total trade with the
GCC in 2023, the agreement is poised to deepen economic engagement.

Driving UAE’s global trade ambitions

This agreement aligns with the UAE’s broader CEPA strategy, which is central to its goal of
increasing total non-oil trade to US$1.1 trillion and doubling the size of its economy to US$800
billion by 2031.

A growing CEPA network

The UAE-Serbia CEPA is the 10th agreement to officially come into force. In total, 27 CEPAs have
been concluded with countries across the Middle East, Africa, Southeast Asia, South America, and
Europe, reflecting the UAE’s ongoing efforts to position itself as a global trade hub.

https://sharjah24.ae/en/Articles/2025/05/31/a15