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4/23/24, 4:20 PM UAE, Costa Rica committed to developing resilient and sustainable economies based on innovation: Al Zeyoudi | Emirates News A…
He highlighted that the agreement enhances UAE
service providers' access to the Costa Rican market
across various sectors, including business,
communications, construction, engineering contracting,
distribution, education, environment, financial services,
health and social care, tourism, travel, entertainment,
culture, sports, and transportation, among others.
Regarding the direct economic impact of the agreement,
Dr. Al Zeyoudi explained that feasibility studies project
the comprehensive economic partnership agreement
will contribute US$46 million annually to the UAE's GDP
by 2031 and US$44 million annually to Costa Rica's GDP.
He mentioned that the agreement will increase total
UAE exports to Costa Rica by US$24 million annually and
US$12 million for Costa Rican exports to the UAE
market. This will increase total cumulative direct UAE
exports by the end of 2031 to US$81 million, while their
Costa Rican counterparts will reach US$134 million
during the same period.
Dr. Al Zeyoudi noted that trade volume between the two
countries over the past five years has amounted to
about US$244.3 million, rising from US$34.2 million in
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