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UAE and Ukraine review the progress of CEPA

UAE and Ukraine review the progress of CEPA

 The United Arab Emirates (UAE) and Ukrainian officials have discussed the latest progress of a comprehensive economic partnership agreement (Cepa) between the two countries.

In December 2022, the two countries launched preliminary Cepa talks. Later on, Ukraine and the United Arab Emirates announced their intention to conclude a CEPA. The two countries signed Cepa to strengthen cooperation in various sectors. 

Dr Thani Al Zeyoudi, the Minister of State for Foreign Trade of the UAE, met Yulia Svyrydenko, Ukraine's First Deputy Prime Minister, in Dubai, a city in the UAE, on Thursday. The ministers discussed various measures to boost cooperation in property, transport, energy, agriculture, technology, manufacturing and retail.

Dr Al Zeyoudi said, “The agreement presents a new road map to boost trade exchanges, and provide more investment and trade opportunities for the UAE and Ukrainian business communities.”

Svyrydenko said that CEPA would contribute to enhancing the bilateral economic relations between the two nations. 

Recently, His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE, met Ukraine's first lady Olena Zelenska in Abu Dhabi, the capital of the UAE. His Highness said that $4 million would be directed to the Olena Zelenska Foundation, a Ukrainian charitable foundation founded by Olena Zelenska. The amount would help to construct 10 buildings that will house around 100 children. 

Sheikh Mohamed and Olena Zelenska also discussed the trade and economic relations between the UAE and Ukraine. She arrived in the UAE on Tuesday. 

According to WAM, Sheikh Mohammed reiterated the UAE’s commitment to helping the people of Ukraine.

Abdulla bin Touq Al Marri, the UAE Minister of Economy, reportedly said that the UAE would sign 26 Cepa deals as it seeks to attract more foreign investment and diversify its economy. 

The UAE has signed CEPA with India, Indonesia, Israel and Turkey. Currently, the UAE is in negotiations with Cambodia, Georgia and Vietnam. 


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