UAE and Egypt to strengthen bilateral economic relations

Dr. Thani Bin Ahmed Al Zeyoudi, Minister of Foreign Trade, led a high-level government delegation to Egypt as negotiations continue to secure a Comprehensive Economic Partnership Agreement (CEPA) between the two nations.

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Al Zeyoudi met with Hassan Al-Khatib, Minister of Investment and Foreign Trade of the Arab Republic of Egypt, to review the progress achieved by the two countries’ technical teams thus far. Both ministers expressed a strong commitment to further expand and deepen their bilateral economic relations.

The technical teams have been working on various chapters of a future CEPA, focusing on critical points such as product rules of origin, regulations for factories operating in free zones, trade in services, and digital commerce. The meeting marks a significant step towards enhancing economic collaboration between the UAE and Egypt. In a statement, Al Zeyoudi stated, “Investing in our relationship with Egypt is crucial for both nations. A Comprehensive Economic Partnership Agreement will launch a new era of cooperation and collaboration, bringing mutual benefits and paving the way for increased trade, investment flows, and sustainable economic growth.”