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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…
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 $13.7bn 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.
The UAE’s expanding network of trade deals resulted in record non-oil trade of AED1.4tn ($381bn) in the first
six months of 2024, an 11.2 per cent increase compared to the same period in 2023.
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