Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, confirmed the UAE's commitment to fostering international cooperation through its Comprehensive Economic Partnership Agreements (CEPA) programme.
This initiative is part of the UAE’s strategic goal to enhance global economic ties, as directed by the country's leadership.
After the signing of the CEPA between the UAE and Jordan, Dr. Al Zeyoudi emphasized the long-standing relationship between the two nations. The agreement, set to take effect later this year after ratification, will offer significant growth opportunities for businesses, young entrepreneurs, and start-ups in both countries. It aims to boost bilateral trade to over US$8 billion by 2032.
Non-oil trade between the UAE and Jordan in 2023 exceeded US$4.2 billion, marking a 37.9 percent increase since 2021. Over the past decade, bilateral trade grew by 138 percent, positioning the UAE as Jordan's fifth-largest global trading partner. The UAE's investments in Jordan, valued at US$22.5 billion, highlight the nation’s role as the Kingdom's top international investor.
The CEPA will accelerate growth in key sectors like energy, infrastructure, transport, and finance, while creating jobs and enhancing supply chains.
Dr. Al Zeyoudi noted that areas of mutual investment include tourism, renewable energy, real estate, and pharmaceuticals. Both nations also aim to leverage their global trade networks to explore new markets and enhance global competitiveness.
This partnership represents a milestone in UAE-Jordan relations, reinforcing their shared vision for economic development and prosperity.
News Source: Emirates News Agency
