The National on Nostr: UAE expands Cepa network to shield economy amid trade risks ========== The UAE is ...
UAE expands Cepa network to shield economy amid trade risks
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The UAE is expanding its comprehensive economic partnership agreements (Cepas) to protect its economy from trade wars and ensure global market access; Cepa deals provide access to a market of three billion people; Mohammed Alhawi, undersecretary at the UAE’s Ministry of Investment, emphasizes diversification in partners and sectors; Recent Cepa deals signed with New Zealand and Malaysia; The UAE aims to sign 26 Cepas, with existing agreements with countries including India, Turkey, and South Korea; Cepas expected to add 2.6% to the UAE's economy by 2030; UAE's economy grew by 3.6% in the first half of 2024; Non-oil GDP increased by 4.4% to reach Dh660 billion; UAE attracted $30.68 billion in FDI in 2023, a 35% increase from 2022; The UAE aims to double cumulative FDI to Dh1.3 trillion by 2031; Protectionism is seen as a significant risk, but proactive policies are in place to mitigate it.
#Uae #Cepa #TradeAgreements #Economy #ForeignInvestment #Diversification #Logistics #Manufacturing #FinancialServices #GlobalMarkets
https://www.thenationalnews.com/business/economy/2025/01/23/uae-expands-cepa-network-to-shield-economy-amid-trade-risks/
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The UAE is expanding its comprehensive economic partnership agreements (Cepas) to protect its economy from trade wars and ensure global market access; Cepa deals provide access to a market of three billion people; Mohammed Alhawi, undersecretary at the UAE’s Ministry of Investment, emphasizes diversification in partners and sectors; Recent Cepa deals signed with New Zealand and Malaysia; The UAE aims to sign 26 Cepas, with existing agreements with countries including India, Turkey, and South Korea; Cepas expected to add 2.6% to the UAE's economy by 2030; UAE's economy grew by 3.6% in the first half of 2024; Non-oil GDP increased by 4.4% to reach Dh660 billion; UAE attracted $30.68 billion in FDI in 2023, a 35% increase from 2022; The UAE aims to double cumulative FDI to Dh1.3 trillion by 2031; Protectionism is seen as a significant risk, but proactive policies are in place to mitigate it.
#Uae #Cepa #TradeAgreements #Economy #ForeignInvestment #Diversification #Logistics #Manufacturing #FinancialServices #GlobalMarkets
https://www.thenationalnews.com/business/economy/2025/01/23/uae-expands-cepa-network-to-shield-economy-amid-trade-risks/