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4/25/24, 3:32 PM UAE & Ecuador intends to begin CEPA negotiations
UAE & Ecuador intends to begin

CEPA negotiations

Wed, 24 Apr, 2024 By Arya M Nair, Official Reporter Follow author on

Rep.Image | Courtesy: 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, have signed a joint

statement announcing the intention to begin negotiations

towards a Comprehensive Economic Partnership Agreement

(CEPA), 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 services, this partnership opens new economic

opportunities for both countries regarding exports and imports.

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