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7/1/24, 3:30 PM UAE’s CEPA with Georgia comes into effect
The UAE is also Georgia’s sixth-largest global investor, accounting for 5 percent of its total foreign
direct investment (FDI) inflows. Bilateral investment between the two countries currently stands at
over $1 billion. The deal aims to accelerate investment flows in key sectors, including tourism and
hospitality, real estate, renewable energy, retail and wholesale, transport and logistics,
manufacturing, electrical equipment and construction materials.
“The implementation of our Comprehensive Economic Partnership Agreement with the Republic of
Georgia is another milestone in our foreign trade agenda, aimed at strengthening bilateral relations
with a dynamic, resilient and liked-minded partner, strategically located in the heart of the Caucasus
region, at the intersection of Europe and Asia,” said Dr. Thani bin Ahmed Al Zeyoudi, Minister of
State for Foreign Trade.
“Beyond its strategic location, Georgia presents a promising market for UAE businesses to explore,
with proven demand for our key exports and offering a favorable commercial landscape. We have
managed to secure a balanced deal that is a win-win for both sides and one that lays the foundations
for a new partnership that leverages emerging opportunities, drives investment in priority sectors
and contributes to the global economic recovery,” he added.
In addition to the UAE-Georgia CEPA, the UAE has signed and implemented CEPAs with India,
Indonesia, Israel, Türkiye, and Cambodia, and is in the process of concluding more deals with
nations spanning Asia, Europe, Africa and South America.
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