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1/2/25, 5:07 PM UAE, EAEU finalise negotiations on Economic Partnership Agreement
UAE, EAEU finalise negotiations on
Economic Partnership Agreement
11 Dec 2024
Dr Thani Bin Ahmed Al Zeyoudi. WAM
The United Arab Emirates and the Eurasian Economic Union (EAEU) have successfully concluded negotiations aimed
at reaching a comprehensive economic partnership agreement to enhance bilateral trade in goods between the UAE
and the five members of the EAEU bloc, which comprise Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia
Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Andrey Slepnev, Member of the Board
(Minister) in charge of Trade of the Eurasian Economic Commission, have confirmed the conclusion of negotiations
toward an Economic Partnership Agreement (EPA) between the UAE and the EAEU.
Al Zeyoudi stressed that the conclusion of EPA negotiations reflects the UAE’s firm belief in constructive international
cooperation and promotion of open, rules-based trade as a cornerstone of global economic growth and stability.
He said, "The UAE and the Eurasian Economic Union have developed a prosperous, productive relationship that is
based on a shared commitment to long-term growth and economic diversification. The conclusion of negotiations on an
Economic Partnership Agreement between us will deepen these ties and enable us to build on our many synergies.”
"With a combined population of some 200 million people and a GDP approaching $5 trillion, the EAEU offers a rich
seam of opportunity for our private sector, while the UAE and its growing network of global trade partners offers EAEU
exporters streamlined access to the competitive, high-growth markets in the Middle East, Africa, Asia and South
America. This agreement deepens vital links between the Gulf and Eurasia region, and we look forward to seeing the
tangible benefits our deeper ties unfold,” Al Zeyoudi added.
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