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1/2/25, 5:08 PM UAE and EAEU conclude CEPA to boost bilateral trade - Emirati Times
With a combined population of around 200 million and a GDP nearing $5tn (AED18.37tn),
the EAEU offers substantial opportunities for the UAE’s private sector.
The UAE, in turn, provides EAEU exporters with access to high-growth markets across the
Middle East, Africa, Asia, and South America. Al Zeyoudi highlighted that the EPA will
enhance vital connections between the Gulf and Eurasia regions.

Image Via: WAM | Cropped by ET

Slepnev remarked that the agreement will not only improve market access and eliminate
trade barriers but will also open new avenues for economic and technological collaboration.

Slepnev described the deal as a crucial step in strengthening the relationship between the
UAE and EAEU, acknowledging the UAE’s key role as a global hub.
Trade between the UAE and the EAEU is already on the rise, with non-oil trade reaching
$13.7bn (AED 50.3bn) in the first half of 2024, marking a 29.6% increase from the same
period in 2023.

The EPA aims to further boost trade by reducing tariffs, removing technical barriers,
expanding market access, aligning customs procedures, and harmonizing digital trade and
e-commerce. The agreement also includes provisions to foster SME collaboration.
This deal further supports the UAE’s economic priorities, complementing its Comprehensive
Economic Partnership Agreement program, which has already concluded six deals, with nine
more pending implementation.

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