Dr. Thani bin Ahmed Al Zeyoudi said the Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates and Ecuador represents a strategic milestone in advancing bilateral trade and investment ties, aligned with sustainable development priorities and deeper global market integration.
Trade Growth and Investment Framework
Speaking to Emirates News Agency (WAM), Al Zeyoudi stated that non-oil trade between the two countries reached US$373.6 million in 2025. This reflects growth of 3.2% compared to 2024 and more than triple the level recorded in 2019. As a result, trade flows continue to demonstrate structural expansion rather than cyclical gains.
He added that the UAE is Ecuador’s largest trading partner in the Arab world and Africa, accounting for around 30% of Ecuador’s total trade with those regions combined. Therefore, the CEPA is expected to further consolidate this position and expand cross-regional supply chains.
The two countries have also signed an Investment Promotion and Protection Agreement. The framework aims to create a transparent and stable environment for foreign direct investment by reducing risks, protecting intellectual property rights and establishing clear dispute resolution mechanisms. Consequently, the agreement strengthens investor confidence and facilitates long-term capital flows.
Al Zeyoudi also noted the opening of Ecuador’s trade office in Dubai to enhance private sector engagement and deepen commercial cooperation.
Tariff Reductions and Sectoral Opportunities
The CEPA aims to eliminate or reduce customs duties on more than 96% of traded goods and products. Accordingly, the agreement is expected to improve market access for exporters and reinforce supply chain resilience.
Al Zeyoudi explained that the agreement establishes a trade and investment corridor linking the UAE with Latin American markets. Meanwhile, the UAE’s position as a global trade hub will support the expansion of Ecuadorian companies into Asia, the Middle East and Europe. In addition, the agreement is set to increase investment in strategic sectors, strengthen private sector partnerships and support collaboration among small and medium-sized enterprises.
He added that the agreement delivers benefits across multiple sectors, reflecting clear complementarity in renewable energy, agriculture, logistics, technology, food production and advanced industries such as artificial intelligence and advanced manufacturing. Moreover, cooperation extends to mining, education, capacity building, tourism and hospitality.
Al Zeyoudi noted that existing collaboration in the logistics sector provides a strong foundation for further expansion under the CEPA framework.
