The UAE’s Comprehensive Economic Partnership Agreements with Türkiye and Indonesia come into force

• The UAE-Türkiye CEPA aims to double bilateral non-oil trade to US$40 billion within five years.
• The UAE’s CEPA with Indonesia is seeking to push bilateral non-oil trade beyond US$10 billion within five years, and facilitate investment projects worth US$10 billion in the same timeframe.
• HE Al-Zeyoudi: “The implementation of our CEPAs with Türkiye and Indonesia marks a significant step forward in our foreign trade program. Both agreements will unlock significant opportunities for our private sector in two of the world’s most dynamic centers of growth.”

Abu Dhabi, 31 August, 2023:

 Two of the United Arab Emirates’ Comprehensive Economic Partnership Agreements have come into force today, promising to deliver a new era of trade and investment cooperation with two rapidly emerging global economies. The UAE-Türkiye CEPA and the UAE-Indonesia CEPA will now remove or reduce tariffs on a vast array of goods, eliminate unnecessary barriers to trade, and establish pathways for investment into priority sectors such as logistics, energy, food production, fintech, e-commerce, as well as travel and tourism.