Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, highlighted the UAE’s commitment to boosting global cooperation through its Comprehensive Economic Partnership Agreements (CEPA) program.
Speaking to Emirates News Agency (WAM) during the signing of a CEPA with Jordan, he explained that the agreement comes after extensive negotiations and will strengthen the already strong relationship between the two nations.
The CEPA is expected to create new opportunities for businesses and entrepreneurs in both countries, with a goal to increase bilateral trade to more than $8 billion by 2032. In 2023, non-oil trade between the UAE and Jordan has already surpassed $4.2 billion, showing significant growth over the years.
Al Zeyoudi also pointed out that the UAE is the largest foreign investor in Jordan, with mutual investments between the two nations reaching approximately $22.5 billion. This agreement will not only increase trade and investment but also create jobs and improve supply chains.
Both countries have strong expertise in key sectors like energy, infrastructure, and finance. There are also promising investment opportunities in tourism, hospitality, renewable energy, and food security, among other sectors.
