The UAE Ministry of Foreign Trade has led a high-level government delegation to Egypt as negotiations continue to secure a Comprehensive Economic Partnership Agreement (CEPA) between the two nations.
Dr. Thani bin Ahmed Al Zeyoudi, the Minister of Foreign Trade, met with Hassan Al-Khatib, Minister of Investment and Foreign Trade of the Arab Republic of Egypt, to review the progress achieved by the two countries’ technical teams thus far. Both ministers expressed a strong commitment to further expand and deepen their bilateral economic relations.
The technical teams have been working on various chapters of a future CEPA, focusing on critical points such as product rules of origin, regulations for factories operating in free zones, trade in services, and digital commerce. The meeting marks a significant step towards enhancing economic collaboration between the UAE and Egypt.
Dr. Thani bin Ahmed Al Zeyoudi UAE Minister of State for Foreign Trade
“Investing in our relationship with Egypt is crucial for both nations. A Comprehensive Economic Partnership Agreement will launch a new era of cooperation and collaboration, bringing mutual benefits and paving the way for increased trade, investment flows, and sustainable economic growth.”
The UAE’s CEPA program aims to foster stronger economic ties and enhance trade relations with countries worldwide. Through the CEPA program, the UAE is not only expanding its foreign trade but also cementing its position as a leading global trade hub.
With 31 CEPAs signed and 14 already in force, the CEPA program reflects the UAE’s commitment to diversifying its economy and has played a crucial role in enhancing the UAE’s access to high-growth markets, contributing significantly to the UAE’s total trade that in 2024 reached an all-time high of $810 billion.
