The UAE and Japan will take a step towards greater trade relations this year as negotiations over a Comprehensive Economic Partnership Agreement (CEPA) are set to conclude.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, affirmed that negotiations for the CEPA between the UAE and Japan will be completed before the end of 2025.
Dr. Thani Al Zeyoudi explained that the negotiations for the agreement’s terms reflects the commitment of both friendly nations to enhancing economic cooperation and opening new horizons for developmental partnership, thereby contributing to economic prosperity and creating further opportunities for the business communities in both countries.
UAE and Japan trade
He pointed out that the UAE is Japan’s leading trade partner in the Arab World in terms of exports and imports, accounting for approximately 37 per cent of Japan’s total exports to Arab countries. Meanwhile, Japan is among the United Arab Emirates’ top ten trading partners.
In September 2024, the United Arab Emirates and Japan initiated discussions to reach a Comprehensive Economic Partnership Agreement, aiming to unlock new opportunities for economic, investment and trade relations, taking them to new levels of developmental cooperation.
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