UAE and Thailand start CEPA talks

Tuesday, 9 May 2023 13:22

By ARN News Staff

The UAE has announced it's working towards a Comprehensive Economic Partnership Agreement with Thailand.

The Minister of State for Foreign Trade, Dr Thani bin Ahmed Al Zeyoudi, said it marks a new era of economic progress and opportunity for both nations.

In 2022, non-oil trade between the two countries reached $ 6.1 billion, up 21 per cent from 2021.

A UAE-Thailand CEPA will not only boost these numbers, the minister added, but will increase investment in key sectors such as tourism, food security, IT and logistics.

Today, HE Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce of #Thailand, and I agreed to launch negotiations towards a Comprehensive Economic Partnership Agreement – marking a new era of economic progress and opportunity for both nations. 🇦🇪🇹🇭 pic.twitter.com/Og7iYxRNuO
— د. ثاني أحمد الزيودي (@ThaniAlZeyoudi) May 9, 2023

More from Business

Disney settles suit over women's pay for $43 million

Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs' lawyers said in a statement on Monday.
Etihad Airways adds ten new destinations for 2025

UAE carrier Etihad Airways is set to introduce ten new destinations starting in 2025, expanding its global presence as it brings tens of thousands of new visitors to the capital.
Trump pledges new tariffs on Canada, Mexico, China

US President-elect Donald Trump on Monday pledged a 25 per cent tariff on all products from Mexico and Canada from his first day in office, and an additional 10 per cent tariff on goods from China, citing illegal immigration and the trade of illicit drugs.
UAE and Bahrain finalise ICV programmes procedures

The UAE and Bahrain have finalised the procedures required to implement an MoU, signed last January, that fosters cooperation between the National In-Country Value (ICV) Programme and Bahrain’s Value Programme in Industry, known as Takamul.