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6/24/24, 3:38 PM UAE, Malaysia seek deeper trade ties, hold CEPA talks as trade hits $4.7 billion in 2023
UAE, Malaysia seek deeper trade ties, hold CEPA talks as trade hits $4.7 billion in 2023
UAE seeks deeper ties with ASEAN bloc following CEPA agreements with

Indonesia and Cambodia

Al Zeyoudi discussed collaboration in high-growth sectors such as technology, manufacturing, and services
(Image: WAM)
In a bid to deepen trade ties and boost investments, Dr. Thani bin Ahmed Al Zeyoudi,
UAE’s Minister of State for Foreign Trade, recently visited Malaysia where he held

discussions with both Anwar Ibrahim, Prime Minister of Malaysia, and Zafrul Aziz,
Malaysia’s Minister of Investment, Trade and Industry.
In a meeting with Aziz, Al Zeyoudi discussed collaboration in high-growth sectors
such as technology, manufacturing and services. Moreover, the two ministers

reviewed the progress of negotiations towards a Comprehensive Economic
Partnership Agreement (CEPA) between the UAE and Malaysia. In 2023, the UAE
and Malaysia’s non-oil trade maintained its record high of 2022 at $4.7 billion dollars.

Propelling high-growth sectors
During the meeting, Al Zeyoudi highlighted the importance of Malaysia as a long-
standing trade and investment partner for the UAE. He emphasized the aims of both
countries to develop an open, rules-based trade that ensures that the private sectors are

able to expand and maximize the opportunities available in both economies.

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