Page 164 - MOE ENGLISH PR - APRIL 2024

5/1/24, 3:39 PM UAE prepares for ‘new era’ in Ukraine with trade deal | AGBI
The UAE has finalised the terms of a trade deal with Ukraine, as the Gulf
state looks to become a key player in rebuilding the country once its war

with Russia is over.

The comprehensive economic partnership agreement (Cepa) aims to build
on the $386 million bilateral non-oil trade between the two countries last

year.

Joint foreign direct investment stood at $360 million by the end of 2022
across logistics and infrastructure, travel and tourism, and advanced

technology.

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Once implemented, the deal will remove or reduce tariffs on imported

goods, remove barriers to trade and promote fair market access to

exporters from both sides.

The deal will also support the rebuilding of industries and infrastructure in

Ukraine, while helping to strengthen supply chains to the Middle East for
the country’s main exports, such as grains, machinery and metals.

UAE and India on track to hit $100bn non-oil trade

UAE strikes Colombia deal to strengthen Latin American links

UAE’s Cambodia trade deal sets $1bn non-oil target

Dr Thani bin Ahmed Al Zeyoudi, the UAE’s minister of state for foreign

trade, described Ukraine as an important ally in its food security imports.

https://www.agbi.com/trade/2024/04/uae-prepares-for-new-era-in-ukraine-with-trade-deal/ 2/4