Page 689 - MOE ENGLISH PR REPORT - DECEMBER 2024

1/2/25, 5:08 PM UAE, EAEU conclude economic agreement negotiations - Dubai Eye 103.8 - News, Talk & Sports
Following several rounds of discussions, the EPA reflects deepening ties between the UAE and EAEU. In the first half of 2024, the UAE
shared non-oil trade worth $13.7 billion with the bloc, representing a climb of 29.6 per cent on the same period in 2023.

The deal aims to boost these figures through reducing or removing tariffs, eliminating technical barriers to trade, expanding market access,
and aligning customs procedures. The EPA will also seek to harmonise digital trade and e-commerce in addition to creating new platforms
SME collaboration.

The agreement reinforces the centrality of foreign trade to the UAE’s economic agenda. The Comprehensive Economic Partnership
Agreement program now boasts six deals in force with a further nine signed and awaiting implementation.

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