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UAE, Ecuador announce intent to commence CEPA

negotiations

April 24, 2024 / 8:52 PM
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Sharjah24 - WAM: Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and
Sonsoles Garcia, Minister of Production, Foreign Trade, Investments and Fisheries of
Ecuador, today signed a joint statement in Quito announcing the intention to begin
negotiations towards a Comprehensive Economic Partnership Agreement (CEPA) between
the UAE and Ecuador, as part of the UAE delegation's visit to several Latin American
countries.

This announcement comes after the UAE signed similar agreements with Costa Rica and

Colombia, the first two countries in Latin America to sign last week. The move underscores
the UAE's strategic intent to deepen its commercial and investment presence across Latin

America, thereby fostering sustainable economic growth.

The partnership aims to substantially enhance non-oil bilateral trade while fostering
increased investment flows between the two nations.

By eliminating trade barriers and facilitating the exchange of a wide array of goods and

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negotiations