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1/2/25, 5:07 PM UAE, Eurasian Economic Union conclude negotiations on Economic Partnership Agreement - Aletihad News Center

ABU DHABI ( WAM)
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The Un ited Arab Emirates and th e Eurasian Economic Union (EAEU) have successfully concluded negotiations

aimed at reaching a comprehensive economic partnership agreement to enhance bilateral trade in goods

between th e UAE and th e ve members of the EAEU bloc, which comprise Armenia, Belarus, Kazakhstan,

Kyrgyzstan, and Russia.

Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, and Member of the Board (Minister) in charge

of Trade of th e Eurasian Economic Commission, Andrey Slepnev, ave confirmed the conclusion of negotiations

toward an Economic Partnership Agreement (EPA) between the UAE and the EAEU.

Al Zeyoudi stressed th at th e conclusion of EPA negotiations reflects the UAE’s rm 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 th e 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 th e UAE and its growing network of global trade partners

offers EAEU exp orters streamlined access to the competitive, high-growth markets in the Middle East , Africa,

Asia, and South America. This agreement deepens vital links between the Gu lf and Eurasia region, and we look

forward to seeing th e tangible benefits our deeper ties unfold,” Al Zeyoudi added.

Andrey Slepnev confirmed th at the EPA will not only deepen trade relations by improving market access for

goods and removing unnecessary barriers to trade, but also provide new opportunities for economic and

technological cooperation between countries.

Slepnev said, The EAEU actively forms a network of economic partnerships with friendly countries. The “

Economic Partnership Agreement with th e United Arab Emirates is a significant milestone, given the UAE’s role

as a global hub in th e region. The EPA will provide an additional boost for mutual trade, which is already showing

unprecedented growth, and create a systemic basis for cooperative ties.”

Following several rounds of discussions, th e EPA reflects deepening ties between the UAE and EAEU. In the rst

half of 2024, th e UAE shared non-oil trade worth $13.7 billion with the bloc, representing a climb of 29.6 percent

in th e same period in 2023.

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