UAE launches preliminary CEPA negotiations with Costa Rica

  • Date: 28-Mar-2023
  • Source: GCC Business News
  • Sector:Financial Services
  • Country:UAE
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UAE launches preliminary CEPA negotiations with Costa Rica

UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi and Minister of Foreign Trade of the Republic of Costa Rica, Mr. Manuel Tovar Rivera have signed a joint statement marking the launch of preliminary talks to establish a comprehensive economic partnership agreement (CEPA) between the two countries.

The signing took place during the visit of a high-level Costa Rican delegation to the Ministry of Economy’s headquarters in Dubai.

The comprehensive economic partnerships program was launched by the UAE government in September 2021 to expand the trade and investment partnership with a number of strategic global markets, increase the size of trade exchanges, and enhance growth opportunities for national exports.

Dr. Thani bin Ahamed Al-Zeyoudi

UAE Minister of State for Foreign Trade “Today, through the launch of preliminary CEPA negotiations, we have laid the foundations for building a significant and influential platform to future-proof UAE-Costa Rica economic and trade relations. This agreement will contribute to establishing a new era of investment and trade in various fields, thereby supporting the sustainable economic development of both our nations and benefitting regional and global economies. Costa Rica is a key strategic partner of the UAE in the Central American region. The launch of preliminary