Page 161 - MOE ENGLISH PR REPORT - DECEMBER 2024
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UAE to expand CEPAs in 2025, says Thani Al Zeyoudi




               Sharjah 24 – WAM: Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has a irmed
               that the UAE will continue to increase its Comprehensive Economic Partnership Agreements (CEPAs)
               in 2025, targeting additional countries to maximise benefits for the UAE and its global trade partners.

               To strengthen rules-based international trade

               Minister Al Zeyoudi said that these agreements will strengthen rules-based international trade, drive
               sustainable  development,  increase  investments,  and  enhance  opportunities  for  trade  in  goods,
               services, and re-exporting.

               Dr.  Al  Zeyoudi  explained  that  the  UAE's  CEPAs  programme  is  designed  to  expand  the  country's
               commercial and investment partnerships worldwide, positioning the UAE as a key gateway for non-
               oil goods and services and a global hub for business and investment.

               He emphasised that these agreements reflect the UAE's vision, which recognises the vital role of free
               trade based on clear rules in driving sustainable economic growth and inclusive development. The
               agreements'  diversity  and  the  UAE's  ability  to  form  valuable  partnerships  across  five  continents
               significantly increase opportunities for various sectors and open new markets.

               CEPAs have already had a positive e ect

               Dr. Al Zeyoudi pointed out that the CEPAs have already had a positive e ect on various areas of the
               UAE's  foreign  trade,  particularly non-oil  trade,  re-export  services,  logistics,  clean  and renewable
               energy,  technology,  financial  services,  green  industries,  advanced  materials,  agriculture,  and
               sustainable food systems.

               He explained that CEPAs continue to have a tangible and direct impact on the country's foreign trade
               data, positively a ecting various vital sectors, including the advanced technology sector.

               24 CEPAs

               Since the programme's launch in September 2021 until early December 2024, the UAE has signed 24
               CEPAs with countries and international blocs, covering approximately 2.5 billion people—about a
               quarter of the global population.

               In the first half of 2024, UAE foreign trade reached a historic milestone, surpassing AED1.395 trillion,
               reflecting an 11.2% growth compared to the same period in 2023. The growth rates reached 28.8%,
               54.7%, and 66%, compared to the same periods in 2022, 2021, and 2019, respectively.


               https://sharjah24.ae/en/Articles/2024/12/31/nk6
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