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During the meeting, Al Zeyoudi conveyed the regards of President Sheikh Mohamed bin
Zayed Al Nahyan, and Sheikh Mohammed bin Rashid Al Maktoum, Vice President,
Prime Minister and Ruler of Dubai, and Sheikh Mansour bin Zayed Al Nahyan, Vice
President, Deputy Prime Minister and Chairman of the Presidential Court, and their
wishes for further prosperity, progress and well-being to the leadership and people of
Costa Rica.

President Chaves and Al Zeyoudi affirmed that the agreement would significantly
enhance bilateral trade and mutual investments between the two countries by
eliminating tariffs, reducing trade barriers, promoting the exchange of goods, capital,
and ideas between their thriving economies, and encouraging cooperation in the private
sector.

The Comprehensive Economic Partnership Agreement (CEPA) between the two
countries is the latest step in the UAE’s foreign trade programme, launched to increase
the country’s non-oil foreign trade value to more than AED4 trillion by 2031.

During the visit, Al Zeyoudi met with several ministers and senior government officials to
accelerate economic cooperation between the two countries. The parties then
celebrated the signing of the CEPA and its role in initiating a new era in their relations.

During the Emirati delegation’s visit, Al Zeyoudi met with Manuel Tovar, Minister of
Foreign Trade of Costa Rica, lauding the growing non-oil trade between the two friendly
countries, which reached USD 65 million in 2023.

The two sides highlighted promising prospects for expanding trade and investment in
mutually interesting sectors, such as renewable energy, tourism, food security,
information and communication technology, and manufacturing.

Al Zeyoudi also met with Franz Tattenbach, Minister of Environment and Energy of
Costa Rica, to discuss trade and investment opportunities in both countries and
leverage them, to widen their trade and investment cooperation to broader horizons.

Al Zeyoudi also talked to Efraim Zeledon Leiva, Deputy Minister Ministry of Public
Works and Transport of Costa Rica, to discuss the significant opportunities available to
investors and entrepreneurs in the transportation, logistics services, and infrastructure
sectors.

https://theprint.in/world/uae-costa-rica-inaugurate-new-trade-investment-era-under-
cepa/2047169/