Page 142 - MOE ENGLISH PR - APRIL 2024

5/1/24, 3:37 PM UAE and Ukraine Finalize Terms of Comprehensive Economic Partnership Agreement
The United Arab Emirates and Ukraine have finalised the terms of a

Comprehensive Economic Partnership Agreement (CEPA) between the two

nations, the latest milestone in the UAE’s efforts to elevate the value of non-oil

foreign trade to AED4 trillion by 2031.

Once implemented, the UAE-Ukraine CEPA will remove or reduce of tariffs on

key product lines, remove unnecessary barriers to trade and promote fair

market access to exporters from both sides.

Importantly, it will support Ukraine’s recovery and the rebuilding of key

industries and infrastructure, while also helping to strengthen supply chains to

the MENA region for major exports such as grains, machinery and metals.

On the conclusion of negotiations, Dr. Thani bin Ahmed Al Zeyoudi,

Minister of State for Foreign Trade, said,

“Ukraine is a bridge to Europe for our exporters

and an important ally in our food security

imports. Once implemented, the CEPA will offer

Ukraine’s industrialists and entrepreneurs a new

platform from which they can expand into the

growth markets of Asia and Africa through the

UAE, while unlocking new investment pathways

that can reconstitute sectors such as logistics,

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