The UAE will prioritise signing additional Comprehensive Economic Partnership Agreements (CEPAs) in 2025 to expand its foreign trade and strengthen global economic ties.
Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stated that the UAE is targeting more nations to maximise mutual benefits. These agreements aim to enhance international trade regulations, support sustainable development, attract investments, and create opportunities for trade in goods, services, and re-exports.
Dr Al Zeyoudi emphasised that the CEPAs programme positions the UAE as a key global trade gateway for non-oil goods and services, aligning with its vision of promoting sustainable and inclusive economic growth. The agreements also enable the UAE to establish valuable partnerships across five continents, opening new markets and expanding prospects for various sectors.
The Minister highlighted the agreements’ impact on several sectors, including non-oil trade, re-export services, logistics, clean energy, advanced technology, financial services, and sustainable food systems. He noted the tangible benefits CEPAs have delivered, particularly in boosting the UAE’s foreign trade data.
Since September 2021, the UAE has signed 24 CEPAs with nations and blocs, covering 2.5 billion people—nearly a quarter of the global population. These efforts have significantly contributed to the UAE’s trade growth. In the first half of 2024, foreign trade surpassed AED 1.395T ($380B), an 11.2% rise compared to 2023, with remarkable growth rates of 28.8%, 54.7%, and 66% compared to 2022, 2021, and 2019, respectively.
The UAE’s commitment to CEPAs underscores its strategic role in fostering international trade and economic development.
