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1/2/25, 5:07 PM UAE, Eurasian Economic Union Conclude Economic Partnership Agreement to Boost Trade

GOVERNMENT

UAE, Eurasian Economic Union Conclude

Economic Partnership Agreement to

Boost Trade

By Shahba Mayyeri December 11, 2024 1 min read

The United Arab Emirates (UAE) and the Eurasian Economic Union (EAEU) have successfully concluded
negotiations for a comprehensive Economic Partnership Agreement (EPA), aimed at enhancing bilateral trade

between the UAE and the five EAEU member states: Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia.

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and Andrey Slepnev, Minister
for Trade of the Eurasian Economic Commission, confirmed the conclusion of talks, marking a significant
step toward strengthening economic ties. Al Zeyoudi emphasized that the agreement underscores the UAE's
commitment to fostering open, rules-based trade as a cornerstone for global economic stability and growth.

The EPA is expected to unlock new opportunities by improving market access, reducing tariffs, eliminating
trade barriers, and aligning customs procedures. It also aims to harmonize digital trade and e-commerce, while

creating platforms for SME collaboration. With a combined population of 200 million and a GDP nearing $5
trillion, the agreement offers significant opportunities for private sector growth, benefiting both regions.

Slepnev highlighted the UAE’s strategic position as a global trade hub, noting that the agreement will deepen
existing trade relations and pave the way for technological cooperation. Trade between the UAE and the EAEU

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