President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Denis Sassou Nguesso, President of the Republic of the Congo, witnessed the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and the Republic of the Congo. The agreement was signed at Qasr Al Bahr in Abu Dhabi by His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and His Excellency Christian Yoka, Minister of Finance, Budget and Public Portfolio of the Republic of the Congo.
His Highness Sheikh Mohamed emphasised the significance of the agreement in strengthening strategic ties and enhancing economic cooperation between the two countries. He highlighted their shared commitment to sustainable development and economic diversification, and expressed hope that the CEPA would usher in deeper collaboration across various sectors.
President Denis Sassou Nguesso welcomed the signing, noting the agreement’s alignment with the mutual vision for economic progress. He reiterated his country’s intention to advance its partnership with the UAE in a way that supports the prosperity of both nations.
The CEPA reflects the UAE’s ongoing efforts to bolster its global trade relationships as part of its objective to double the size of its economy by 2031. The agreement will remove or reduce tariffs, eliminate non-tariff trade barriers, and boost investment opportunities.
This agreement follows three major bilateral deals signed in 2023 and complements the UAE’s broader economic agenda, which saw non-oil trade reach a record USD 817 billion in 2024, with a target of USD 1.1 trillion by 2031.
