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4/24/24, 11:50 AM UAE, Columbia boost trade, investment cooperate with CEPA signing | Emirates News Agency
Colombia relations, as their bilateral non-oil trade
reached US$553.1 million in 2023, a record increase of
43 percent compared to 2022 and more than double the
total achieved in 2021.
The CEPA is expected to double these figures within five
years of its implementation by reducing customs tariffs,
removing trade barriers, and improving market access
for exports of goods and services.
The agreement will also open up avenues for
investment and joint ventures in sectors, such as
energy, environment, hospitality, tourism,
infrastructure, agriculture, and food production.
During the visit, Dr. Al Zeyoudi met with a number of
ministers, senior government officials, and private
sector representatives to boost economic cooperation
and bilateral relations following the signing of the CEPA
between the two countries.
Dr. Al Zeyoudi discussed with Germán Umaña Mendoza,
Minister of Trade, Industry, and Tourism of Colombia,
ways to enhance economic, investment, and trade
relations and create an effective trade and investment
climate within the framework of the CEPA to contribute
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