The UAE and Malaysia to launch negotiations on comprehensive trade pact
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...