UAE prepares for ‘new era’ in Ukraine with trade deal
- Date: 29-Apr-2024
- Source: AGBI
- Sector:Financial Services
- Country:UAE
UAE prepares for ‘new era’ in Ukraine with trade deal
The UAE has finalised the terms of a trade deal with Ukraine, as the Gulf state looks to become a key player in rebuilding the country once its war with Russia is over. The comprehensive economic partnership agreement (Cepa) aims to build on the $386 million bilateral non-oil trade between the two countries last year. […]
Cepa looks to end of war with Russia
Deal hailed as ‘historic milestone’
Building on $386m non-oil trade in 2023
The UAE has finalised the terms of a trade deal with Ukraine, as the Gulf state looks to become a key player in rebuilding the country once its war with Russia is over.
The comprehensive economic partnership agreement (Cepa) aims to build on the $386 million bilateral non-oil trade between the two countries last year.
Joint foreign direct investment stood at $360 million by the end of 2022 across logistics and infrastructure, travel and tourism, and advanced technology.
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Once implemented, the deal will remove or reduce tariffs on imported goods, remove barriers to trade and promote fair market access to exporters from both sides.
The deal will also support the rebuilding of industries and infrastructure in Ukraine, while helping to strengthen