Page 675 - MOE ENGLISH PR REPORT - DECEMBER 2024

1/2/25, 5:07 PM UAE, Eurasian Economic Union conclude negotiations on Economic Partnership Agreement – UAE Business and Travel Insight…

EMIRATES

UAE, Eurasian Economic Union conclude negotiations

on Economic Partnership Agreement

BY CONTENT ADMIN

ABU DHABI, 11th December, 2024 (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 US$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.

Andrey Slepnev confirmed that 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.

https://totaluae.com/posts/emirates/uae-eurasian-economic-union-conclude-negotiations-on-economic-partnership-agreement/ 1/2