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4/24/24, 11:53 AM UAE, Colombia sign Comprehensive Economic Partnership Agreement - Arabian Business
New UAE-Colombia pact to boost investment
It will also open pathways for investment and joint ventures in sectors such as energy, the environment, hospitality,
tourism, infrastructure, agriculture, and food production.
The UAE-Colombia CEPA follows an impressive increase in bilateral non-oil trade, which climbed 43 percent to reach
an all-time high of $53.1 million in 2023 – more than double the total achieved in 2021.
Additionally, the two nations in recent years have signed numerous cooperation agreements, which covered aviation,
renewable energy, the environment, hydrogen, travel, free zones, and artificial intelligence.
The agreement with Colombia is the latest in a series of similar agreements with India, Israel, Indonesia, Türkiye, and
Cambodia.
Congo-Brazzaville, Costa Rica, Georgia, Kenya, Mauritius, and South Korea are the other countries with which the UAE
has concluded CEPAs, which are making a significant contribution to the country’s non-oil foreign trade.
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