UAE + Ukraine wrap up trade talks: Foreign Trade Minister Thani bin Ahmed Al Zeyoudi and Ukraine’s Minister of Economic Development and Trade Yulia Svyrydenko concluded negotiations yesterday on a comprehensive economic partnership agreement (CEPA) between the two countries, Wam reports.

The agreement is set to eliminate or reduce tariffs and aims to remove trade barriers and improve market access for exporters from both countries in sectors such as grains, machinery, metals, logistics, manufacturing, and IT.

Fast facts: Non-oil trade between the UAE and Ukraine amounted to USD 385.8 mn in 2023, while joint foreign direct investment stock reached USD 360 mn by the end of 2022. The UAE has inked a total of 14 trade agreements across various regions, in a bid to expand its network of trading partners and edge non-oil foreign trade to AED 4 tn by 2031.

Foreign Affairs Minister Sheikh Abdullah bin Zayed Al Nahyan stressed the need for regional stability and a sustained peace process in Gaza during the six-party Arab Ministerial meeting attended by US Secretary of State Antony J. Blinken, Wam writes. Al Nahyan called for a sustainable ceasefire and a prevention of further escalation to the conflict.

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