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Global trade ties grow with 26 alliances

UAE’s CEPA programme playing a pivotal role in economic strategy

by Blitz India Media
April 14, 2025
in Dubai
0
Global trade ties grow with 26 alliances
Blitz Bureau

The UAE’s Comprehensive Economic Partnership Agreement (CEPA) programme, initiated in September 2021, has resulted in 26 agreements with strategically significant countries and international blocs by the end of the first quarter of 2025, bolstering its regional and global economic position, reported WAM.

In 2025 alone, the UAE signed five new CEPAs with Malaysia, New Zealand, Kenya, Ukraine, and the Central African Republic. These agreements significantly expand the country’s global trade network and create new opportunities for the UAE’s private sector and business community across some of the world’s most dynamic economies.

Six of these agreements have officially entered into force. Fourteen others have been signed and are undergoing technical and ratification procedures in preparation for implementation. Negotiations on six more agreements have been finalised, and the signing is expected soon.

Throughout 2025, the CEPA programme continues to broaden the UAE’s trade and investment partnerships, strengthening the country’s role as a hub for open and multilateral global trade.

The UAE is also in the final stages of CEPA negotiations with several major economies—most notably Japan—with talks expected to conclude before the end of 2025. This reflects both nations’ commitment to deepening economic collaboration and unlocking new opportunities for economic growth and development between their business communities.

The results of four key agreements that have already taken effect highlight positive outcomes including nonoil trade between the UAE and India grew by 20.5 percent, with UAE exports to India jumping 75 per cent by the end of 2024.

Trade with Turkiye rose by over 11 percent, with Indonesia seeing growth exceeding 15 percent, and Georgia recording a remarkable 56 per cent increase.

These results underscore the realworld impact of CEPAs, which typically take five years or more to show significant effects. The CEPAs have had a positive impact on the UAE’s foreign trade performance, which continues to witness steady growth. The CEPA programme has accelerated this upward trajectory, supporting progress toward the targets outlined in the “We the UAE 2031” vision. This national agenda aims to raise the total value of the UAE’s non-oil foreign trade in goods to AED4 trillion, and to increase nonoil exports to AED800 billion by the year 2031.

The positive impact of these agreements has been felt across multiple sectors, most notably in the UAE’s non-oil foreign trade and re-export services.

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