Page 146 - MOE ENGLISH PR - APRIL 2024

5/1/24, 3:38 PM UAE, Ukraine conclude terms of Comprehensive Economic Partnership Agreement – UAE BARQ
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, manufacturing and IT and rebuild essential infrastructure.”

He added, “The agreement will play an active role in the revitalisation of the Ukrainian economy, and

we look forward toward the ratification of the deal and the new opportunities it will create for the
business communities on both sides.”

Meanwhile, Yulia Svyrydenko said, “The conclusion of CEPA negotiations between Ukraine and the

UAE marks a historic milestone in our bilateral relations. I am confident that the Ukrainian and Emirati
business communities will fully capitalize on the opportunities presented by the Ukraine-UAE CEPA,

thereby unlocking the immense potential in our trade and economic cooperation.”

In 2023, the UAE and Ukraine shared US$385.8 million in non-oil trade, with joint FDI stock standing

at US$360 million by the end of 2022 across sectors such as logistics and infrastructure, travel and
tourism and advanced technology.

The conclusion of the negotiations with Ukraine is the latest milestone in efforts to expand the UAE’s
network of trading partners across global markets. It adds to the 14 Comprehensive Economic
Partnership Agreements that have either already entered into force, been formally signed, or have

been successfully negotiated with strategic markets on the international trade map, including Africa,
South America, Asia, and Europe, and covering more than a quarter of the world’s population.

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