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4/24/24, 11:52 AM UAE, Colombia ink CEPA to boost trade, investment
UAE, Colombia ink CEPA to boost trade, investment
UAE-Colombia bilateral non-oil trade reached an all-time high of $53.1

million in 2023

Colombia’s high-growth and technology-focused economy will provide a range of opportunities for private-
sector collaboration (Image: WAM)
The UAE and Colombia have signed a Comprehensive Economic Partnership
Agreement (CEPA), which aims to enhance bilateral trade flows and open new

pathways for investment and joint ventures in multiple sectors.
Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and
German Umaña, Minister of Industry, Commerce and Tourism for Colombia, signed
the agreement.

Enhancing trade and investment
The UAE-Colombia agreement aims to enhance bilateral trade flows by cutting
tariffs, removing trade barriers, and improving market access for both merchandise

and service exports. Moreover, it seeks to enhance investment and joint ventures in
sectors such as energy, the environment, hospitality, tourism, infrastructure,
agriculture, and food production.
The deal follows a remarkable increase in bilateral non-oil trade between the two

nations, which saw a 43 percent surge to an all-time high of $53.1 million in 2023.
Moreover, the UAE and Colombia have signed multiple agreements in the last few

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