Thani Bin Ahmed Al Zeyaudi, the State Minister for Portian Space, EU Commission for Comprehensive Economic Partnership Agreement (CEPA) between UAE and EU.
Also includes visiting an investment with representatives from the leading private sector companies aimed at exploring opportunities for further cooperation for further cooperation and flowing between EU and UAE.
UAE and EU Trade Deal
The UAE-EU Cepta is preparing to be a significant importance to strengthen economic relations and opening new paths for trade and cooperation.
Agreement will provide advance for removal of trade barriers, enhance market access for goods and services, and arousing investment in primary sectors.
By consolidating EU’s market access, the world’s second largest economic economy, CEPA will strengthen the status of UAE as a global log.
EU is already one of the key trading colleagues in the UAE, accounting for 8.3 percent of non-oil trade.
In 2024, trade not oil between two reached $ 67.6bn, representing growth of 3.6 percent of 2023.
Al Zeyaudi said: “Our negotiations in a comprehensive agreement of the economy is to improve benefits and represent benefits and advances and improvements.
“By working together, we can strengthen our supplies with chains, drive innocence, and make jobs that benefit our communities and economies for many years to come.”
Maroš šefčovičičiče: “Europe continues to be a trusted trade partner, respecting deals it is made.
“Ang usa ka bilateral nga FTA nga mag-abli sa mga oportunidad sa negosyo alang sa mga negosyo sa Europa ug Emirati nga maabut ang usa ka ambisyoso nga kasabutan sa usa ka tawo nga nakakuha sa mga kabanayan, nga adunay mga makit-an nga benepisyo, uban ang bisan unsang mga benepisyo, uban ang bisan unsang malampuson nga negosyo.
“It adds strength to our regional cooperation with the Gulf Cooperation Council.”
During investment investments, representatives from UAE and European Private Sectors, who share discussions to determine investment opportunities that can progress in innovation.
The FDI flows between UAE and EU are strong and strong, with a new association with Italy’s data centers, Spain’s solar plants.
A UAE-EU Cepta tends to unlock additional opportunities, including:
- A $ 50bn AI Data Center Deal in France
- A $ 40bn energy commitment and the Italian defense sector.
The CEPA program is a key pillar of the United Arab Emirates ‘Emirates’ Agenda Agenda, which reflects the country’s economic reconciliation to open economic growth and economic growth.
By developing the access to world markets and establishing a stronger trading and investing in partners around the world, The Cepa program contributes to a non-oil trade trade of $ 816bn in 2024mark a 14.6 percent increase in 2023.
