Page 890 - MOET ENGLISH PR REPORT - JUNE 2025

6/10/25, 11:45 AM UAE and Serbia usher in new economic era as CEPA takes effect
The CEPA aims to boost bilateral non-oil trade, which reached approximately

$121.4 million in 2024, expected to increase and contribute $351 million to the

UAE’s GDP by 2031.

This growth will be driven by significantly reducing or eliminating customs duties

on over 96 percent of tariff lines, thereby enhancing market access while

cultivating a more supportive environment for private sector collaboration.

“The activation of the UAE-Serbia CEPA heralds a new

chapter in our economic relations, creating new

avenues for collaboration, investment and trade that

will benefit both our nations. Through this agreement

we are committed to unlocking significant opportunities
that will create jobs, strengthen supply chains, and Dr. Thani bin Ahamed Al-

facilitate a thriving environment for businesses in both Zeyoudi
UAE Minister of State for
countries.” Foreign Trade

With its diverse economy and strategic location, Serbia plays a key role as the

UAE’s gateway to Eastern Europe and the Balkans. In addition to strengthening

trade, the CEPA is expected increase private sector collaboration and foster

investments in priority sectors such as renewable energy, agriculture, logistics,

and technology.

In 2023, the UAE stands out as Serbia’s leading trading partner in the GCC,

accounting for approximately 55 percent of its total trade with the region. The

increasing flows of foreign direct investment (FDI) targeting high-growth sectors

have further strengthened the bilateral relationship and enhanced mutual

economic interests.

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