Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade of the UAE has said that the country will continue to increase its Comprehensive Economic Agreements (CEPA) in 2025 and target new countries to maximize its interests and those of global trading partners.
Publish dateWednesday 1 January 2025 - 00:31
According to Amac News: Al Zeyoudi added that these agreements will help to strengthen international trade, advance sustainable development, increase investments and promote business opportunities in the field of goods, services and re-exports.
The Minister of State for Foreign Trade Affairs of the UAE in a conversation with the UAE state news agency "WAM" explained that the UAE's Comprehensive Economic Agreements program is designed to expand the country's investment globally and make the UAE a key gateway for non-oil goods and services and a Introducing the Global Center for Trade and Investment
He said that the diversity of these agreements and the UAE's ability to create valuable partnerships on five continents will significantly increase opportunities for different sectors and open new markets.
Al Zeyoudi pointed out that the comprehensive economic agreements have had a positive impact on various areas of the UAE's foreign trade, especially non-oil trade, re-export services, logistics, clean and renewable energy, technology, financial services, green industries, advanced materials, agriculture and sustainable food systems.
He explained that these agreements also have a tangible and direct impact on various vital sectors, including the high-tech sector.
Since the launch of the program in September 2021 until early December 2024, the UAE has signed 24 comprehensive economic agreements with various countries and international blocs, covering approximately 2.5 billion people of the world population.
In the first half of 2024, the UAE's foreign trade reached a historic milestone and crossed 1.395 trillion dirhams, showing a growth of 11.2% compared to the same period in 2023.
The growth rates reached 28.8%, 54.7% and 66% compared to the same periods in 2022, 2021 and 2019, respectively.
The Minister of State for Foreign Trade Affairs of the UAE in a conversation with the UAE state news agency "WAM" explained that the UAE's Comprehensive Economic Agreements program is designed to expand the country's investment globally and make the UAE a key gateway for non-oil goods and services and a Introducing the Global Center for Trade and Investment
He said that the diversity of these agreements and the UAE's ability to create valuable partnerships on five continents will significantly increase opportunities for different sectors and open new markets.
Al Zeyoudi pointed out that the comprehensive economic agreements have had a positive impact on various areas of the UAE's foreign trade, especially non-oil trade, re-export services, logistics, clean and renewable energy, technology, financial services, green industries, advanced materials, agriculture and sustainable food systems.
He explained that these agreements also have a tangible and direct impact on various vital sectors, including the high-tech sector.
Since the launch of the program in September 2021 until early December 2024, the UAE has signed 24 comprehensive economic agreements with various countries and international blocs, covering approximately 2.5 billion people of the world population.
In the first half of 2024, the UAE's foreign trade reached a historic milestone and crossed 1.395 trillion dirhams, showing a growth of 11.2% compared to the same period in 2023.
The growth rates reached 28.8%, 54.7% and 66% compared to the same periods in 2022, 2021 and 2019, respectively.
amacnews.com/vdci.5arct1a5wli2t.html
Source : news agency wam
Most viewed
