Page 607 - MOE ENGLISH PR - APRIL 2024

4/24/24, 11:28 AM UAE-Colombia Comprehensive Economic Partnership Agreement ushers in new era of trade, investment cooperation: Al Zeyoudi…
enhanced trade and investment cooperation between

the two friendly nations.

In statements to the Emirates News Agency (WAM), Al

Zeyoudi explained that this agreement establishes a

solid foundation for economic integration between the

business communities and private sectors in both

countries, encompassing a wide range of priority

sectors.

He pointed out that CEPA will contribute to creating

numerous promising investment and trade

opportunities, stimulating trade flows between the two

sides, and building a flexible and efficient supply chain

network that will benefit the economies of both the UAE

and Colombia.

Al Zeyoudi further emphasised that the CEPA will grant

the UAE extensive access to the Colombian market and

the South American markets as a whole, by reducing or

eliminating customs duties, enhancing market access,

and empowering joint ventures.

Dr. Al Zeyoudi stated that the agreement will open up

new avenues for investment in vital areas such as

energy, advanced technology, healthcare, tourism, and

https://www.wam.ae/en/article/b2qhfi6-uae-colombia-comprehensive-economic-partnership 2/3