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UAE-Serbia Economic Partnership Deal Comes into

Effect, Boosting Trade and Investment Prospects

01/06/2025
1 minute read

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The UAE-Serbia Comprehensive Economic Partnership Agreement (CEPA) has officially come
into force, aimed at fostering enhanced trade and investment flows while paving the way for
collaboration across diverse priority sectors.

This marks the 10th CEPA to come into force, out of 27 agreements signed by the UAE with nations
across the Middle East, Africa, Southeast Asia, South America, and Europe.

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.

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

https://bazaartimes.com/uae-serbia-economic-partnership-deal-comes-into-effect-boosting-
trade-and-investment-prospects/