From Foreign Waters

The United Arab Emirates (UAE) and Malaysia have agreed to launch negotiations to establish a Comprehensive Economic Partnership Agreement (CEPA), a type of bilateral trade deal of the UAE. According to Malaysia's trade ministry, CEPA aims to boost trade in goods and services, increase investments, and boost economic cooperation between the two countries. The Ministry of Investment, Trade and Industry (Miti) of Malaysia said that the agreement would enhance the existing partnership between the UAE and Malaysia and boost strategic collaborations. The Ministry of Investment, Trade and Industry (Miti) said in a statement, "The Malaysia-UAE CEPA will be a comprehensive and mutually beneficial agreement, covering trade in goods and services, investments, economic cooperation, and other emerging areas of mutual interest.” Tengku Datuk Seri Zafrul Abdul Aziz, the Minister of International Trade and Industry of Malaysia, lauded the Malaysia-UAE CEPA. He said that CEPA would create jo...

   The United Arab Emirates (UAE) and Thailand have signed a joint statement to launch talks to establish a Comprehensive Economic Partnership Agreement (CEPA) between both countries. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade of the United Arab Emirates and Jurin Laksanawisit, the Minister of Commerce of Thailand, signed the statement to launch talks about CEPA in order to promote trade between both nations. The first round of negotiations between the UAE and Thailand will take place in the UAE on May 16. Thani Al Zeyoudi has expressed hope that the CEPA would underline UAE’s role as a key enabler in global trade and business. The two countries launched the first UAE-Thai BusinessCouncil in February 2023. CEPA would increase the existing trade and economic ties between the two countries to new heights. Al Zeyoudi reportedly said, “Thailand is an increasingly important trade and investment partner for the UAE. We believe a Comprehensive Economic Partn...

  India has made a significant effort to increase the number of people who can take advantage of the UAE' s 1% import duty reduction on gold. These imports are accessible to bullion traders in India in addition to gold producers and retailers, which could quickly increase demand for gold from the UAE. This indicates that going forward, gold traders will also profit by importing their needs at a rate of 14% rather than the 15% tax levied on shipments from other nations. Coming as it did just before the first anniversary of the Comprehensive Economic and Partnership Agreement (CEPA) pact going into force on May 1 speaks volumes about the timing of the announcement by the Indian government. The UAE 's first CEPA trade and investment agreements were with India, and during the past year, there have been significant advancements in transaction flows across industries. One of the largest categories to benefit most from the UAE-India CEPA was the gold trade. 120 tonnes of gold were imp...

  The United Arab Emirates (UAE) and Vietnam have recently signed a joint declaration of intent to start their talks on launching the comprehensive economic partnership agreement (CEPA) in order to promote trade between both nations. Dr. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade of the United Arab Emirates and Nguyen Hong Dien, the Minister of Industry and Trade of Vietnam signed the mutual declaration of intent document. The Vietnamese Politician visited the UAE . He met with Al Zeyoudi. The two ministers discussed bilateral relations between the UAE and Vietnam. During the signing, Dr. Al Zeyoudi highlighted the importance of the relationship between the two countries, which continue to grow in all fields. The launch of CEPA negotiations will be essential for the two countries in boosting the existing trade and economic ties between the two nations to new heights. During the meeting, Al Zeyoudi said, “The UAE is Vietnam’s number one Arab trade partner, ...

  On February 18, 2022, the United Arab Emirates ( UAE ) and India signed the CEPA (Comprehensive Economic Partnership Agreement) in order to boost the bilateral trade deal between the two countries. His Highness Sheikh Mohamed Bin Zayed, the President of the UAE, and His Excellency Prime Minister of India, Shri Narendra Modi witnessed the signing of the landmark agreement. What happened after the signing of the agreement? CEPA came into force on May 1, 2022. India’s non-petroleum exports to the UAE increased by 5% to $15.2 billion during the June-January period. The data showcased the impact of CEPA. Non-petroleum imports from June to January also increased by 3% to $16.8 billion. In the year since the signing, India’s total exports to the UAE grew 26 per cent and re-exports increased by 10 per cent. According to the Dubai Chamber of Commerce, 11,000 new Indian companies registered in 2022. Dr Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade of the United Arab E...