UAE, Cambodia conclude Comprehensive Economic Partnership Agreement

UAE, Cambodia conclude Comprehensive Economic Partnership Agreement

This deal will deliver new opportunities for Cambodia’s key exports, which include grains, fruits, meats, processed foods, apparel, footwear and leather goods. The UAE will benefit from new export opportunities in machinery, oils and lubricants, and cars and automotive parts, as well as investment opportunities in logistics and infrastructure, travel and tourism projects and renewable energy.

“Cambodia’s food production and agricultural sectors, which are a critical part of their economy, will also help us achieve our food security ambitions, said Al Zeyoudi. “The negotiations took less than six months to complete, which is a clear indication of our shared desire to boost bilateral relations and create new, mutually beneficial opportunities.”

“Since the UAE-Cambodia CEPA initiation, we do believe that this agreement will definitely be another great impetus for our shared growth and prosperity through fostering supply chains, enhancing trade flow, and promoting bilateral investment between Cambodia and UAE,” said Sorasak. “Indeed, the agreement will serve as the catalyst for greater connectivity between ASEAN and the Arab World, which are amongst the most economically dynamic regions in the world.”