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The UAE and the Central African Republic have set a trade target exceeding AED 3.7B (USD 1B) following the signing of a Comprehensive Economic Partnership Agreement (CEPA) last week. This agreement aims to strengthen economic ties and unlock new business opportunities.

Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stated that the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and the Central African Republic reflects the UAE leadership’s commitment to expanding global trade and investment ties.

Abdullah bin Touq Al Marri, Minister of Economy, highlighted the financial technology (Fintech) sector’s significant role in driving economic growth, stating that it currently contributes 8.7% to the UAE’s Gross Domestic Product (GDP).