Page 701 - MOE ENGLISH PR REPORT - DECEMBER 2024

1/2/25, 5:10 PM UAE: UAE, Eurasian economic union conclude negotiations on Economic partnership agreement
enhance bilateral trade in goods between the UAE and the five

members of the EAEU bloc, which comprise Armenia, Belarus,

Kazakhstan, Kyrgyzstan and 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.

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 million people and a GDP

approaching US$5 trillion, 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,” Al Zeyoudi added.

Andrey Slepnev confirmed that the EPA will not only deepen trade

relations by improving market access for goods and removing

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