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We have two stories worth keeping an eye on this morning:
#1- GCC + South Korea ink trade agreement: Secretary General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi and South Korean Trade Minister Ahn Dukgeung have signed a trade agreement aimed at boosting trade exchange and economic diversification between South Korea and GCC countries, according to a statement. The agreement covers government procurement, digital trade, cooperation in small and medium-sized enterprises, and customs procedures.
Dubai Customs + Qatari Consulate to partner in customs operations: Dubai Customs Director General Ahmed Mahboob Musabih met with Qatar’s Consul General in Dubai, Sa’eed bin Ali Al-Hajri on Monday to discuss strengthening trade connections and streamlining travel processes between the two countries.
#2- UAE + Congo wrap up trade talks: Foreign Trade Minister Thani bin Ahmed Al Zeyoudi and Congo’s Economy and Finance Minister Jean-Baptiste Ondaye concluded negotiations last Thursday on a comprehensive economic partnership agreement (CEPA) between the two countries, Wam reports. The CEPA is set to amend tariffs, facilitate easier trade, and customs procedures.
UAE ❤️ trade with Africa: This was the second CEPA agreement inked with an African country in the last week of 2023 after Al Zeyoudi finalized trade talks with Mauritius last month.
