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1/2/25, 5:10 PM UAE looks to boost $13.7bn trade with Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan bloc - Arabian Business: Latest N…

The UAE 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
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.

UAE trade with Eurasian bloc

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 m people and a GDP approaching $5tn, 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”.

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.

Slepnev said: “The EAEU actively forms a network of economic partnerships with friendly countries. The
Economic Partnership Agreement with the United Arab Emirates is a significant milestone, given the UAE’s role
as a global hub in the region.

“The EPA will provide additional boost for mutual trade, which is already showing unprecedented growth, and
create systemic basis for cooperative ties.”

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