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4/23/24, 4:34 PM UAE and Costa Rica sign Cepa deal to boost investment and trade ties
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The UAE and Costa Rica signed a comprehensive economic partnership
agreement on Wednesday in a deal that will provide new investment

opportunities in key sectors and boost trade ties between the two countries.

This pact between the trading partners will boost private sector collaboration and
offer investors opportunities in priority sectors including logistics, energy,
aviation, tourism and infrastructure development, state news agency Wam said in

a report.

“We look forward to the impact this agreement will have on trade and investment
ties between the UAE and Costa Rica,” President Sheikh Mohamed said in a post
on X on Thursday.

“The UAE is committed to building bridges of friendship and co-operation with

nations that share our vision of long-term prosperity.”

Non-oil trade between the UAE and Costa Rica
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exceeded $65 million in 2023, a 7 per cent increase
UAE and Kenya conclude terms of
Cepa trade in sectors from food to from 2022 and up 31 per cent compared to 2021,
tech Wam reported.

UAE to develop mega Budapest “This is the first agreement of its kind between
project in a deal that could be Costa Rica and a country of the Middle East,
valued at $10.9bn aligning with our administration's strategic

objective of expanding into new markets,” Costa
Rica President Rodrigo Chaves Robles said.

“I firmly believe this economic partnership will unlock a myriad of trade and

investment opportunities.”

This is the latest in a string of Cepa signings by the UAE, and follows the
conclusion of negotiations for a deal with Kenya in February. That was aimed at
providing further access to the high-growth African continent and expansion into Feedback

sectors from food to technology.

The latest deal, the UAE's first with a country in Central America, “will kickstart a
new era of economic collaboration between our nations, strengthen East-West
supply chains and provide an important bridge into a rapidly developing region”,

said Dr Thani Al Zeyoudi, Minister of State for Foreign Trade said.

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