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4/23/24, 4:34 PM UAE, Costa Rica inaugurate new trade, investment era under CEPA
developing flexible and sustainable economies focused on innovation, investment, and
trade.

He affirmed that the CEPA with Costa Rica would give the UAE significant market access,

with 98 percent of tariff lines duty-free or with reduced tariffs, including aluminium,
polyethylene, heavy machinery, ceramics, glass, copper, and related products, iron and

steel and related products, and cement.

The agreement will enhance the access of Emirati service providers to the Costa Rican
market across a wide range of sectors, including business and communications;

construction and engineering contracting; distribution; education; the environment;
financial services; health and social care; tourism and travel; entertainment services;

culture and sports; and transportation, he added.

As part of the visit, Al Zeyoudi participated in a high-level roundtable discussion with
senior corporate executives and investors from both countries. The discussion aimed to

enhance cooperation between the private sectors of both sides, starting with exchanging
ideas and experiences and exploring potential investment and partnership opportunities.

During the roundtable, Al Zeyoudi invited participants to explore the available business

and investment opportunities in both countries, highlighting the UAE’s business-friendly
environment and its significant role as a global trade hub, which provides international

investors with many unique opportunities in key economic sectors.

Rawdha Mohamed Alotaiba, UAE Ambassador to Costa Rica, attended the meetings. The
UAE delegation included Rashed Abdulkarim Al Blooshi, Under-Secretary of the Abu

Dhabi Department of Economic Development (ADDED); Juma Mohammed Al Kait,

Assistant Under-Secretary at the Ministry of Economy for Foreign Trade Affairs;
Mohammed Juma Al Mashrekh, Executive Director of Sharjah Foreign Direct Investment

Office (Invest in Sharjah); Ahmed Khalifa Al Qubaisi, CEO of the Abu Dhabi Chamber of
Commerce and Industry; and Sultan Al Hindasi, General Manager of Fujairah Chamber of

Commerce and Industry.

It also included a group of business leaders and senior executives from major private
sector companies in various sectors, including food and agriculture, energy, logistics

services, healthcare, and finance.

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