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5/1/24, 3:38 PM UAE, Ukraine finalize CEPA terms to increase non-oil foreign trade
chains to the Middle East and North Africa (MENA) region, particularly for major
Ukrainian exports such as grains, machinery and metals.
For his part, Dr. Al Zeyoudi stated: “Ukraine is a bridge to Europe for our exporters
and an important ally in our food security imports.” Moreover, he emphasized the

potential for Ukraine’s industrialists and entrepreneurs to expand into growth markets
in Asia and Africa through the UAE.
He also stressed that the CEPA will unlock new investment pathways, particularly in

sectors such as logistics, manufacturing and IT, while also contributing to the
revitalization of the Ukrainian economy. “We look forward toward the ratification of
the deal and the new opportunities it will create for the business communities on both
sides,” he added.

Meanwhile, Svyrydenko expressed confidence in the opportunities presented by the
UAE-Ukraine CEPA. Hence, it underscores its historic significance in 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,” she stated.
Read: Dubai’s Al Maktoum airport to get new $35 billion passenger terminal
Expansion of UAE’s global trading partnerships

In 2023, the non-oil trade between the UAE and Ukraine amounted to $385.8 million.
Meanwhile, joint foreign direct investment (FDI) stock stood at $360 million by the
end of 2022 across sectors such as logistics and infrastructure, travel and tourism, and
advanced technology.

The conclusion of negotiations with Ukraine represents the UAE’s ongoing efforts to
expand its network of trading partners across global markets. With 14 CEPA
agreements already in place with strategic markets across Africa, South America, Asia
and Europe, the UAE continues to strengthen its position as a key player in

international trade, covering a significant portion of the world’s population.
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