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4/25/24, 3:30 PM UAE and Ecuador begin Cepa talks to bolster trade ties
The UAE has renewable energy investments in several countries through Abu
Dhabi's clean energy company Masdar.
Skyline of Quito, capital of Equador. The UAE–Ecuador Cepa, if finalised, would be the third such deal with a
Latin American nation following agreements with Costa Rica and Colombia last week. Photo: Getty Images
The UAE–Ecuador Cepa, if finalised, would be the third such deal with a Latin
American nation following agreements with Costa Rica and Colombia last
week.
The new announcement comes as the UAE seeks to boost non-oil foreign
trade to more than Dh4 trillion ($1 trillion) by 2031 amid new trade agreements
with different countries and economic diversification plans.
The UAE's non-oil foreign trade hit a record Dh3.5 trillion in 2023, up from
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Dh2.23 trillion in 2022 as the country's trade with its top 10 most important
foreign partners grew by 26 per cent last year.
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