Page 886 - MOET ENGLISH PR REPORT - JUNE 2025

6/10/25, 11:43 AM UAE and Serbia eye $351m trade relations as CEPA deal launches - Arabian Business: Latest News on the Middle East, Real Est…
Serbia is an important partner for the United Arab Emirates, 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
per cent 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 $1.1tn by 2031 and doubling the size of the economy to

$800bn by 2031.

The UAE-Serbia CEPA is the 10th to come into force, with 27 in total having been
concluded so far with countries spanning the Middle East, Africa, Southeast Asia, South

America and Europe.

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