HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met with Mr. Aleksandar Vučić, President of the Republic of Serbia, and Mr. Viktor Orbán, Prime Minister of Hungary.
During the meeting, they discussed ways to strengthen relations between the UAE, Serbia, and Hungary. Sheikh Khaled expressed his pleasure in attending the tripartite meeting and thanked Mr. Vucic for his invitation to discuss strengthening trilateral relations.
The Crown Prince also highlighted the importance of such meetings in creating opportunities to develop economic partnerships and investment projects between the three nations. His Highness reaffirmed the UAE’s commitment to collaborating with all nations with the aim of serving mutual interests, and of benefitting the region and world.
Earlier this month, the UAE and Serbia launched negotiations for a Comprehensive Economic Partnership Agreement (CEPA) to boost bilateral and investment flows. The pursuit of a CEPA reflects growing relations between the two nations.
The UAE is now the third-largest market for Serbian exports in the Middle East, while FDI has been flowing into a number of high-priority sectors including agriculture, food security, real estate, infrastructure, and logistics.
According to the reports, “a CEPA between the UAE and Serbia will seek to improve bilateral non-oil trade by reducing or eliminating customs duties, removing unnecessary barriers to trade, protecting intellectual property rights, supporting small and medium-sized companies, and facilitating mutual investment flows. It also aims to consolidate cooperation in the sectors of aviation, agriculture, construction, contracting, real estate, defense industries, and others.”
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