The CEPA Program: Strengthening Global Trade Relations
The Comprehensive Economic Partnership Agreement (CEPA) program has been a game-changer in global trade, fostering stronger economic ties between the United Arab Emirates (UAE) and various countries across the world. Since its launch in September 2021, the CEPA initiative has paved the way for strategic partnerships, enhancing trade, investment, and economic cooperation. Expanding Global Reach In the first quarter of this year, Malaysia, New Zealand, Kenya, Ukraine, and the Central African Republic have signed agreements under the CEPA program, as reported by the UAE’s state news agency, WAM. These deals mark significant milestones in the UAE’s efforts to expand its economic influence and establish mutually beneficial trade relations across continents. These agreements complement earlier deals with key nations such as Turkiye, India, and Indonesia, reinforcing the UAE’s commitment to global trade liberalization and economic integration. Benefits of CEPA Agreements The CEPA agreem...