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1/2/25, 5:09 PM UAE, Eurasian Economic Union conclude negotiations on Economic Partnership Agreement

UAE, Eurasian Economic Union

conclude negotiations on Economic

Partnership Agreement

11 Dec 2024 Created: 10:39 AM Last Updated: 10:39 AM Views: 203

Abu Dhabi, Dec. 11 (BNA): 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.

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 US$13.7

billion with the bloc, representing a climb of 29.6% on the same period in 2023, WAM

reported.

The deal aims to boost these figures through reducing or removing tariffs, eliminating

technical barriers to trade, expanding market access, and aligning customs procedures.

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