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The UAE has taken a significant step in strengthening global trade relations by signing a Comprehensive Economic Partnership Agreement (CEPA) with the Central African Republic. This landmark agreement underscores the UAE leadership’s commitment to fostering economic diversification, sustainable development, and investment cooperation worldwide.
Trade Expansion and Economic Growth
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, highlighted the agreement’s role in unlocking new avenues for business communities in both nations. The CEPA is projected to push bilateral trade beyond AED 3.67 billion within the next five to seven years, benefiting both economies and promoting shared prosperity.
Non-oil trade between the UAE and the Central African Republic has already been on an upward trajectory, surpassing AED 925 million in 2024. This rapid expansion signifies growing trade exchanges and economic collaboration between the two countries.
Tariff Reductions and Market Access
One of the agreement’s key advantages is extensive trade liberalization. The UAE will eliminate 98% of tariffs on imports from the Central African Republic, while the latter will grant a 99.5% tariff exemption on UAE exports. This move enhances market access for Emirati exporters, facilitating their expansion into the African market.
Sectoral Investment and Economic Cooperation
The CEPA is designed to boost investment in critical sectors, including:
Telecommunications, hospitality, and logistics – Strengthening service industries for mutual growth.
Financial technology and business services – Encouraging innovation and digital transformation.
Strategic industries – Enhancing trade in aluminium, ceramics, petrochemicals, iron, silver, gold, food products, and textiles.
Beyond traditional industries, the agreement also paves the way for collaboration in emerging economic sectors such as the digital economy and advanced technology. Additionally, it will support small and medium enterprises (SMEs) by creating new opportunities and facilitating integrated investment projects.
Mutual Benefits and Future Outlook
Dr. Al Zeyoudi emphasized that the UAE-Central African Republic CEPA is a game-changer in bilateral trade relations. By accelerating growth in priority sectors, creating employment opportunities, and strengthening supply chains, this agreement will fortify the UAE’s global trade network and open doors to new markets.
With a strategic focus on long-term economic cooperation, the partnership ensures a more integrated and sustainable trade relationship, reinforcing the UAE’s role as a global trade and investment hub.
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