His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, and His Excellency Gustavo Petro, President of Colombia, have witnessed the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Colombia. The agreement was signed by His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and His Excellency German Uma\u00f1a, Minister of Industry, Commerce and Tourism for Colombia.
\nThe CEPA with Colombia is an important part of the UAE\u2019s foreign trade agenda, which aims to enhance bilateral trade flows by cutting tariffs, removing trade barriers, and improving market access for both merchandise and service exports while opening pathways for investment and joint ventures in sectors such as energy, the environment, hospitality, tourism, infrastructure, agriculture, and food production.
\nThe UAE-Colombia CEPA follows an impressive increase in bilateral non-oil trade, which climbed 43% to reach an all-time high of USD 53.1 million in 2023 \u2013 more than double the total achieved in 2021. Additionally, the two nations in recent years have signed numerous cooperation agreements, which covered aviation, renewable energy, the environment, hydrogen, travel, free zones, and artificial intelligence.
\nDuring remarks at the signing ceremony, His Highness Sheikh Mohamed bin Zayed Al Nahyan heralded the agreement as an important contribution to the UAE\u2019s foreign trade approach, which seeks to advance non-oil foreign trade beyond AED 4 trillion by 2031.
\nHis Highness noted that the establishment of strategic partnerships that serve mutual interests is part of the UAE\u2019s efforts to build bridges of friendship and cooperation with all nations that share its vision of creating a prosperous and sustainable future for coming generations. The UAE-Colombia CEPA, His Highness continued, will open a promising new chapter in deepening economic ties between the two nations, enabling businesses to benefit from access to not only to each other\u2019s markets but also their respective regions. His Highness remarked that Colombia\u2019s high-growth, technologically advanced economy will provide a range of opportunities for private sector collaboration, and the UAE looks forward to leveraging these in the months and years to come.
\nFor his part, His Excellency Gustavo Petro said, \u201cI celebrate these new horizons being opened, like he who looks at the other side of the sea or he who crosses it, even in the midst of a storm, and is able to reach a safe haven.\u201d
\nHe added, \u201cUAE and Colombian ports and our peoples may embrace in friendship, solidarity, and goodwill, which is what can actually save humanity.\u201d
\nThe agreement with Colombia is the latest pillar of the UAE\u2019s CEPA programme. Agreements with India, Israel, Indonesia, T\u00fcrkiye, and Cambodia are now in full operation and are already making a significant contribution to the UAE\u2019s non-oil foreign trade, which reached a record AED 2.6 trillion \u2013 AED 3.5 trillion including trade in services \u2013 in 2023. Agreements with Congo-Brazzaville, Costa Rica, Georgia, Kenya, Mauritius, and South Korea have also been concluded.<\/p>\n\n\n\n
Attending the signing ceremony were H.H. Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan; and Sheikh Mohammed bin Hamad bin Tahnoun Al Nahyan, Advisor for Special Affairs at the Presidential Court.<\/p>\n","protected":false},"excerpt":{"rendered":"
His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, and His Excellency Gustavo Petro, President of Colombia, have witnessed the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Colombia. The agreement was signed by His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State …<\/p>\n","protected":false},"author":4,"featured_media":58898,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-58895","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news"],"_links":{"self":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/58895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/comments?post=58895"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/58895\/revisions"}],"predecessor-version":[{"id":58897,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/58895\/revisions\/58897"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/58898"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=58895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=58895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=58895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}