Page 171 - MOE ENGLISH PR REPORT - JUNE 2024

7/1/24, 3:30 PM UAE and Georgia announce start of CEPA, $1.5bn trade targeted - Arabian Business: Latest News on the Middle East, Real Estate,…
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.

“Beyond its strategic location, Georgia presents a promising market for UAE businesses to

explore, with proven demand for our key exports and offering a favourable 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.”

The Comprehensive Economic Partnership Agreement is a vital component of the UAE’s
foreign trade agenda, which seeks to establish stronger, more integrated trading

relationships with the most dynamic markets around the world.

In addition to the UAE-Georgia CEPA, the United Arab Emirates 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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