UAE Economic Partnerships Expanding, Paving the Way for Global Prosperity

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UAE

Did you know that the United Arab Emirates (UAE) is building a name for itself by signing comprehensive economic partnership agreements (CEPAs) with a diverse range of countries? Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has announced re?The UAE's progress in negotiations with South Korea, Thailand, Chile, Costa Rica, Colombia, and Ukraine demonstrates its commitment to promoting global economic stability and growth.

Once negotiated and signed, these CEPAs are expected to expand commerce and collaboration by enabling the exchange of commodities, services, and investment opportunities. The UAE's approach to international collaboration is a ray of light in a world besieged by problems on several fronts.  

Also the UAE-Georgia economic relationship has grown dramatically, with estimates indicating a nearly $481 million trade volume last year—a huge 115% increase. This expansion continued in the first half of this year, with trade increasing by 28% to $225 million. Al Zeyoudi predicts that trade between the two countries will increase to $1.5 billion in the next five years.

Furthermore, the UAE's investments in Georgia are having a significant influence, with the UAE ranking as the sixth-largest global investor in Georgia, accounting for 5% of total foreign investment. These investments are primarily aimed at the infrastructure and hospitality industries, which will help both countries flourish and prosper.


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