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6/10/25, 11:47 AM UAE and Serbia Launch $351 Million Trade Partnership with New CEPA Agreement - UPPERNEWS: UAE news, Dubai news, tech…
UAE and Serbia Launch $351 Million Trade Partnership with New CEPA
Agreement
01.06.2025 By UPPERNEWS TEAM 2 0
The UAE and Serbia are set to enhance their economic relations with a target of a $350 million trade
partnership following the launch of the Comprehensive Economic Partnership Agreement (CEPA). This
agreement marks a significant milestone in establishing stronger economic ties between the two nations.
Credit: Arabian Business
The CEPA has officially come into effect, aiming to foster increased trade and investment flows while promoting
collaboration across various priority sectors. Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for
Foreign Trade, emphasized that this agreement signifies a new chapter in economic relations, creating
opportunities for collaboration, investment, and trade that will benefit both countries.
In 2024, the bilateral non-oil trade is expected to reach approximately $121.4 million, which is double the trade
volume from 2021. Projections indicate that this partnership could contribute an impressive $351 million to the
UAE’s GDP by 2031. This growth is anticipated through significant reductions in custom duties for over 96% of
tariff lines, which will enhance market access and encourage private sector collaboration.
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