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5/1/24, 3:39 PM UAE prepares for ‘new era’ in Ukraine with trade deal | AGBI
He said the Cepa deal would unlock new investment opportunities in
sectors such as logistics, manufacturing and IT.

“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,” Al Zeyoudi said.

Yulia Svyrydenko, Ukraine’s first deputy prime minister and minister of
economic development and trade, said the deal marked a “historic

milestone” in bilateral relations.

The Ukraine deal is the 15th Cepa that has either already entered into

force, been formally signed, or has been successfully negotiated in the

UAE’s efforts to raise the value of its non-oil foreign trade to AED4 trillion
by 2031.

While the Ukrainian economy has been deeply hit by the war with Russia,
which began in early 2022, the UAE is positioning itself for the future.

“We want to be ready for the next era of Ukraine,” Al Zeyoudi told Reuters.

UAE-Ukraine trade highlights

In February, the UAE dispatched a plane loaded with 55
tonnes of relief and medical supplies, including 360 portable

electric generators, 5,000 laptops, winter clothes, blankets,

and medical aid to Ukraine.

Arcera, a global life sciences company launched by the Abu

Dhabi-based wealth fund ADQ earlier this month, has a
manufacturing and packaging base in Ukraine.

Dubai Multi-Commodities Centre is home to more than 200

Ukrainian companies, with the number setting up in the city
rising by a quarter in 2022-23.

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