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5/1/24, 3:38 PM UAE, Ukraine finalize CEPA terms to increase non-oil foreign trade
UAE, Ukraine finalize CEPA terms to increase non-oil foreign trade
Non-oil trade between the UAE and Ukraine amounted to $385.8 million in

2023

The conclusion of negotiations with Ukraine represents the UAE's ongoing efforts to expand its network of
trading partners across global markets (Image: WAM)
The UAE and Ukraine have reached a significant milestone with the finalization of
the terms of a Comprehensive Economic Partnership Agreement (CEPA). This

agreement marks a pivotal step in the UAE’s ambitious goal to elevate the value of
non-oil foreign trade to AED4 trillion by 2031.
Dr. Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, and
Yulia Svyrydenko, Ukraine’s First Deputy Prime Minister and Minister of Economic

Development and Trade signed the joint statement on Monday.
Once implemented, the UAE-Ukraine CEPA aims to enhance bilateral trade by
removing or reducing tariffs on key product lines and eliminating unnecessary barriers

to trade. This will facilitate fair market access for exporters from both nations,
fostering increased economic cooperation.
Supporting Ukraine’s key sectors
The CEPA will play a vital role in supporting Ukraine’s economic recovery and the

rebuilding of key industries and infrastructure. Moreover, it will strengthen supply

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