Page 612 - MOE ENGLISH PR - APRIL 2024

4/24/24, 11:29 AM UAE-Colombia Comprehensive Economic Partnership Agreement ushers in new era
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 the environment,

offering exceptional opportunities for the UAE's private sector.

The CEPA between the UAE and Colombia is a significant achievement that strengthens
bilateral relations between the two countries and contributes to achieving sustainable

economic development for both.

UAE

MIDDLE
EAST
COLOMBIA
TRADE

https://www.zawya.com/en/economy/gcc/uae-colombia-comprehensive-economic-partnership-agreement-ushers-in-new-era-yxkf4jqk 2/2