Page 605 - MOE ENGLISH PR - APRIL 2024

4/24/24, 11:54 AM Dailyhunt
Dr. Al Zeyoudi said that Colombia is the fourth-largest economy in South America in terms of GDP and has a highly skilled workforce
and abundant natural resources, including coffee, oil, gas, coal, and gold, which contribute significantly to its GDP. It also enjoys a
strategic location as an economic hub for the entire South American region.

He added that through their investments in digital infrastructure and new industrial sectors, they are confident that Emirati investors
and entrepreneurs will be able to leverage a wealth of opportunities.

Dr. Thani bin Ahmed Al Zeyoudi urged participants in the high-level roundtable meeting, which included senior officials,
representatives of leading companies, and investors, to build on the growing bilateral relations and strengthen cooperation with the
private sector.
He also met with members of the chambers of commerce of the UAE and Colombia, calling for them to leverage the CEPA between
the two countries to reap the benefits of greater economic integration.
The CEPA between the UAE and Colombia comes within the framework of the UAE's Comprehensive Economic Partnership
Programme. CEPA agreements have been signed with India, Israel, Indonesia, Turkey, Cambodia, Georgia, and Costa Rica.
The agreement with Colombia is the latest pillar of the UAE's CEPA programme, which aims to raise the value of the country's non-oil
foreign trade to AED 4 trillion by 2031. Agreements with India, Israel, Indonesia, Türkiye, and Cambodia are now in full operation and
are already making a significant contribution to the UAE's non-oil foreign trade, which reached a record AED 2.6 trillion - AED 3.5
trillion including trade in services - in 2023.

The meetings were attended by Mohammed Abdullah Al Shamsi, UAE Ambassador to the Republic of Colombia, with the UAE
delegation including several government officials and business leaders from leading private sector companies.

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