UAE

UAE to expand Comprehensive Economic Partnership Agreements in 2025

The UAE plans to sign more CEPAs to boost foreign trade, attract investments, and position itself as a global hub for business and non-oil trade.

UAE to expand Comprehensive Economic Partnership Agreements in 2025

CEPAs have significantly benefited sectors like clean energy, advanced technology, financial services, agriculture, and logistics.

Shutterstock

The UAE is set to pursue more Comprehensive Economic Partnership Agreements (CEPAs) in 2025 as part of its strategy to boost foreign trade and strengthen global economic ties, according to the Emirates News Agency.

Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, highlighted that these agreements aim to enhance rules-based international trade, attract investments, and open up opportunities for trade in goods, services, and re-exports, WAM reported.

CEPAs as a pillar of economic growth

The UAE’s CEPA program is designed to position the country as a global business hub and gateway for non-oil trade. It reflects the nation’s vision of sustainable economic growth and inclusive development through free trade based on clear rules.

Al Zeyoudi noted that CEPAs have had a tangible impact on several sectors, including:

  • Non-oil trade and re-export services
  • Clean energy, green industries, and advanced materials
  • Technology and financial services
  • Agriculture and sustainable food systems

Since the program’s launch in September 2021, the UAE has signed 24 CEPAs with countries and international blocs, encompassing around 2.5 billion people—approximately a quarter of the global population.

In the first half of 2024 alone, UAE foreign trade surpassed AED 1.395 trillion ($380 billion), marking an 11.2% growth compared to the same period in 2023 and reflecting consistent progress over previous years.

With these agreements, the UAE continues to expand its influence in global markets, driving sustainable development and opening new opportunities for diverse sectors.

Comments

See what people are discussing

More from Business

Pakistan’s raises 1,194 billion through sale of T-bills, PIBs and Ijarah Sukkuk

Pakistan’s raises 1,194 billion through sale of T-bills, PIBs and Ijarah Sukkuk

Yields on all tenure T-bills increase after a month

More from World

EU seeks early US talks to avert Trump tariffs

EU seeks early US talks to avert Trump tariffs

Trump has said EU is next in line after Canada, Mexico, China; Von der Leyen sees tough negotiations, will protect EU interests