Mohamed محمد Alzaabi الزعابي’s Post

The UAE and Colombia have signed a Comprehensive Economic Partnership Agreement (CEPA), as part of the Gulf state’s foreign trade agenda that seeks to advance bilateral trade flows, remove trade barriers, and improve market access for both merchandise and service exports.   The signing, which was witnessed by President Sheikh Mohamed bin Zayed Al Nahyan and his Colombian counterpart, is expected to open pathways for investment and joint ventures in strategic sectors such as energy, tourism and hospitality, and food production.   The trade pact follows a significant increase in bilateral non-oil trade, which surged by 43 per cent to reach a record $53.1m in 2023 – more than double the total achieved in 2021. Ministry Of Economy, UAE | #CEPA | #Economy | #UAE | #Colombia

ABU DHABI, 19th April, 2024 (WAM) – His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, and His Excellency Gustavo Petro, President of Colombia, have witnessed the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Colombia. The agreement was signed by His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and His Excellency German Umaña, Minister of Industry, Commerce and Tourism for Colombia. The CEPA with Colombia is an important part of the UAE’s foreign trade agenda, which aims to enhance bilateral trade flows by cutting tariffs, removing trade barriers, and improving market access for both merchandise and service exports while opening pathways for investment and joint ventures in sectors such as energy, the environment, hospitality, tourism, infrastructure, agriculture, and food production. The UAE-Colombia CEPA follows an impressive increase in bilateral non-oil trade, which climbed 43% to reach an all-time high of USD 53.1 million in 2023 – more than double the total achieved in 2021. Additionally, the two nations in recent years have signed numerous cooperation agreements, which covered aviation, renewable energy, the environment, hydrogen, travel, free zones, and artificial intelligence. His Highness noted that the establishment of strategic partnerships that serve mutual interests is part of the UAE’s efforts to build bridges of friendship and cooperation with all nations that share its vision of creating a prosperous and sustainable future for coming generations. The UAE-Colombia CEPA, His Highness continued, will open a promising new chapter in deepening economic ties between the two nations, enabling businesses to benefit from access to not only to each other’s markets but also their respective regions. For his part, His Excellency Gustavo Petro said, “I celebrate these new horizons being opened, like he who looks at the other side of the sea or he who crosses it, even in the midst of a storm, and is able to reach a safe haven.” He added, “UAE and Colombian ports and our peoples may embrace in friendship, solidarity, and goodwill, which is what can actually save humanity.” The agreement with Colombia is the latest pillar of the UAE’s CEPA programme. Agreements with India, Israel, Indonesia, Türkiye, and Cambodia are now in full operation and are already making a significant contribution to the UAE’s non-oil foreign trade, which reached a record AED 2.6 trillion – AED 3.5 trillion including trade in services – in 2023. Agreements with Congo-Brazzaville, Costa Rica, Georgia, Kenya, Mauritius, and South Korea have also been concluded. Attending the signing ceremony were H.H. Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan; and Sheikh Mohammed bin Hamad bin Tahnoun Al Nahyan, Advisor for Special Affairs at the Presidential Court.

Egypt's exports to Spain record €1.265B: Investment Minister Spain is the second-largest market for Egyptian exports, valued at €1.265 billion, with the total trade volume between the two countries reaching nearly €3 billion, according to Hassan El-Khatib, Egypt’s Minister of Investments and Foreign Trade. El-Khatib shared these insights during his meeting with Spain’s Ambassador to Egypt, Alvaro Iranzo. The meeting centered on strengthening and expanding bilateral economic relations across multiple sectors. El-Khatib underscored the historical and strategic ties between Egypt and Spain, highlighting the mutual commitment of both governments to deepening cooperation, especially in trade, investment, and industry. #egypt #spain #trade Read more: https://lnkd.in/dsWMy4hA

🌍 Exciting business news! 🌍 Peru and the United Arab Emirates are about to start negotiations for a trade agreement that could transform our economic relations. Find out more about this exciting development in our latest blog - don't miss it! https://lnkd.in/eRFzUARR #InternationalTrade #CommercialOpportunities #StrategicPartnerships #CM13 #Peru #UnitedArabEmirates 🇵🇪🇦🇪

Recently both UAE and New Zealand have concluded a comprehensive economic partnership agreement which aims to remove almost more than 90 percent of the tariff and quota barriers which will facilitate and enhance mutual cooperation between both the countries. Many New Zealand based financial institutions will get an opportunity to collaborate with the UAE based entities and on the contrary the dairy products of New Zealand will also get a massive boost in its exports to the UAE. UAE which is affluent in gold items and is perhaps the global logistics hub of the world will also get an opportunity to hike it's exports and also will aim to invest more in the maritime trade sector of New Zealand. Mia Mikic , Christina Stringer , Brent Burmester , Dhiraj Nim , Prof. (Dr.) Alka Maurya , Sandip Solanki, PhD , Dr. Suchita Jha , SABYASACHI HAJARA , Sanjib Gupta Roy , Punit Oza, FICS, AFNI, LLB, M.Sc. , Santosh Mathew , Deepak Mukhi , Rajiv Sathe , Graham Rouse , Irfan Jaffer , Neha Marwaha , Neera Arora , New Zealand Trade and Enterprise , New Zealand Ministry of Foreign Affairs & Trade .

🌐 Exciting News! 🌐 On July 22, 2024, Mauritius and the UAE signed a historic Comprehensive Economic Partnership Agreement (CEPA). This landmark agreement aims to bolster trade and investment flows between our nations, with Mauritius set to eliminate 99% of tariffs on imports from the UAE and the UAE removing 97% of tariffs on imports from Mauritius. For the UAE, this agreement marks its first CEPA with an African nation, highlighting its commitment to strengthening economic ties across the globe. The UAE has been proactive in pursuing CEPAs and has already signed agreements with countries such as Cambodia, Colombia, the Republic of Congo, Costa Rica, Georgia, India, Indonesia, Israel, and Turkey. Negotiations are also ongoing with Ecuador, New Zealand, the Philippines, Serbia, South Korea, Vietnam, and Ukraine. This CEPA is a significant step towards fostering greater economic collaboration and mutual growth. Looking forward to the immense opportunities this will bring for businesses and communities in both nations! 🌍🤝🇲🇺🇦🇪 #Mauritius #UAE #CEPA #Trade #Investment #EconomicPartnership #GlobalTrade #EconomicGrowth

UAE Expands Global Trade Footprint with New CEPAs with Morocco and Chile The United Arab Emirates (UAE) is further cementing its global economic influence by finalizing two key Comprehensive Economic Partnership Agreements (CEPAs) with Morocco and Chile, marking a significant leap in its international trade relations. On July 27, 2024, the UAE and Morocco completed their CEPA negotiations, formalized through a joint statement signed by Dr. Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, and Ryad Mezzour, Morocco's Minister of Industry and Trade. This agreement is set to eliminate tariffs, streamline trade processes, enhance customs cooperation, and improve market access for services. It also introduces flexible rules of origin for goods, making trade more efficient between the two nations. The CEPA further paves the way for substantial investments in critical sectors like renewable energy, tourism, infrastructure, mining, food security, transport, logistics, and ICT. In 2023, non-oil trade between the UAE and Morocco reached USD 1.3 billion, a 30% rise from 2022 and an 83% increase from 2019. The UAE, as the largest Arab investor in Morocco, has invested over USD 15 billion in various strategic projects, underscoring the strong economic ties between the two countries. Following this, on July 29, 2024, the UAE and Chile signed their CEPA, marking Chile’s first such agreement with a Middle Eastern country. This agreement aims to reduce tariffs, expand market access, and encourage future investment negotiations, thereby significantly enhancing economic ties and creating new business opportunities. These agreements are part of the UAE's broader CEPA strategy, which seeks to boost the country’s non-oil foreign trade to AED 4 trillion by forging stronger ties with key global markets. The CEPAs with Morocco and Chile are expected to deliver long-term economic benefits, improve market access, and support the UAE's objectives of economic diversification and sustainable growth. By enhancing relations with Morocco and Chile, the UAE is strategically positioning itself as a vital hub for global trade and investment, connecting markets in Africa, the Middle East, and South America. For expert guidance and support on how these CEPAs can benefit your business, contact Oblique Consult today. #uaeglobaltrade #moroccocepa #chilecepa #economicpartnership #tradeexpansion #uaeinvestment #globaltradehub #economicgrowth

The UAE and Morocco have finalized the terms of a Comprehensive Economic Partnership Agreement (CEPA) that will launch a new chapter of mutually beneficial trade and investment ties between the two countries. The conclusion of negotiations for the CEPA was confirmed by the signing of a joint statement by Dr. Thani Al Zeyoudi, UAE minister of State for foreign trade, and Ryad Mezzour, minister of industry and trade of Morocco. The UAE-Morocco CEPA will facilitate the free flow of goods and services by reducing or removing tariffs, eliminating unnecessary barriers to trade, improving market access for services, enhancing customs harmonization, and establishing flexible rules of origin for goods. Read more: https://lnkd.in/dqrEs2e2 #UAE #Morocco #Partnership #Economy #Trade #Investment

ASEAN Hints at Forming Trade Pact with Gulf Cooperation Council ASEAN recently dropped another hint that they might try to strike a trade pact with the Gulf Cooperation Council (GCC) as the former tries to boost its trade with partners outside the region. The GCC encompasses Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). According to ASEAN’s Secretary-General Kao Kim Hourn, a free trade agreement (FTA) between the two blocs is likely. ASEAN and the GCC have agreed on a framework document that laid out the ways they could bolster their cooperation over the coming years. According to the document, both sides are eyeing to conduct further consultations, among others, on developing a “framework arrangement” on economic cooperation. Last year, ASEAN and GCC held its maiden summit in Riyadh. President Joko “Jokowi” Widodo at the time pushed for this trade framework to take shape. Malaysian Prime Minister Anwar Ibrahim also told the summit that the two blocs should form a free trade agreement. Aside from an entirely new free trade pact, Indonesia earlier this year proposed GCC countries to join the already existing trade deal: the Regional Comprehensive Economic Partnership (RCEP) agreement. This is the world’s largest trade deal covering 30 percent of the global gross domestic product (GDP). Aside from the 10 ASEAN members, the RCEP members include China, Japan, South Korea, Australia, and New Zealand. Saudi’s state-owned news agency Al Arabiya reported last October that the ASEAN-GCC trade volume exceeded $110 billion. #gcccountries #GCCEducation #internationalrelations #dubaiindiatraderelations #bilateralcoordination #GCCEconomies #indianeconomictradeorganization #gccdelegation #internationalaffairs #indiagcc

WTO Recognizes Angola's Efforts in Facilitating International Trade The #WTO has praised Angola's ongoing efforts to facilitate international #trade, highlighting significant #investments in transportation infrastructure, logistics, and administrative #reforms. These initiatives aim to simplify import, transit, and export procedures, demonstrating the Angolan government's commitment to diversifying economic revenue sources, fostering employment, and improving quality of life. During the 2nd International Trade Forum Angola - 2024, organized by the Ministry of Commerce and Industry in Luanda, Darlan Marti WTO Trade Advisor, emphasized these advancements. The event, themed "Challenges for Trade Facilitation in Angola," served as an important platform for discussing trade facilitation strategies in the country. In his presentation on the panel "Eliminating Barriers to Foreign Trade," Marti encouraged the #Angolan government to continue mobilizing all #stakeholders, including customs, the private sector, agencies, and academia, to identify and overcome obstacles. According to Marti, "simplification reduces business costs by about 14.5%," highlighting the importance of these #reforms for Angola's #competitiveness in the global arena. At Standard Angola Consulting Partners, we are committed to supporting these initiatives and contributing to a more efficient and dynamic business environment in Angola. 🌐: JA #InternationalTrade #TradeFacilitation #Angola #WTO #Logistics #Infrastructure #AdministrativeReforms #Economy #EconomicDevelopment