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Al Zeyoudi stressed that Costa Rica is one of the most promising economies in Central
America, with many areas of cooperation with the UAE. Both countries are committed to
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. (ANI/WAM)

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