Page 395 - MOE ENGLISH PR REPORT - JUNE 2024

6/24/24, 3:38 PM UAE, Malaysia seek deeper trade ties, hold CEPA talks as trade hits $4.7 billion in 2023
“We see considerable potential for greater trade and investment flows, particularly in
high-growth sectors such as energy, logistics, manufacturing and financial services,”
stated Al Zeyoudi. In addition, Al Zeyoudi reiterated the UAE’s hopes of making
progress on CEPA negotiations and securing long-term, sustainable prosperity for

both economies.
For his part, Zafrul Aziz stated: “The UAE is an important partner for Malaysia in the
Middle East with whom we share a mutual commitment to enhancing trade and

investment through open and fair-trade practices.”
Read | UAE to become regional hub for low-carbon aviation fuel: Minister of
Economy
Exploring potential opportunities

Al Zeyoudi and a UAE delegation that included senior officials and representatives
from the private sector also attended a business roundtable with stakeholders from
Malaysia, where they discussed opportunities and the potential for collaboration in the

field of energy, the automotive sector, and the Halal economy.
In an effort to strengthen ties with the ASEAN bloc, the UAE has inked a CEPA
agreement with Indonesia in July 2022 and Cambodia in June 2023, both of which are
now operational and contributing to the acceleration of bilateral trade in the region.

https://economymiddleeast.com/news/uae-malaysia-seek-deeper-trade-ties-hold-cepa-talks-as-trade-hits-4-7-billion-in-2023/ 2/2