Page 631 - MOE ENGLISH PR - APRIL 2024

4/23/24, 4:34 PM UAE and Costa Rica sign Cepa deal to boost investment and trade ties
He added bilateral trade between the UAE and Costa Rica “has been building
impressively in recent years” and the new partnership would add momentum

especially in sectors such as tourism, renewable energy, food security, information
and communications technology and manufacturing.

The UAE is focused on boosting its non-oil trade with countries around the world
as it seeks to diversify its economy and attract foreign investment.

The country will exceed its initial target of signing 26 Cepas because of its pace of

work and interest from other countries, Dr Al Zeyoudi, told The National in March.

It aims to conclude another seven to eight new Cepa deals in 2024, said the
minister.

The country is preparing the “final touches” for the official signing of Cepas that
were concluded in the last quarter of 2023 and early this year including with the
Republic of the Congo, South Korea, Colombia, Costa Rica, Mauritius and Kenya,

the minister said at the time.

The UAE's non-oil foreign trade hit a record Dh3.5 trillion ($953 billion) in 2023,
bolstered by its economic diversification plans, despite a decline in the

international movement of goods and services.

Updated: April 23, 2024, 12:19 PM

INVESTING UAE GOVERNMENT

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