UAE-Central African Republic CEPA to target $1bn trade
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and the Central African Republic is expected to boost bilateral trade beyond $1 billion (3.67 billion dirhams) over the next five to seven years.
The CEPA, signed last week, will create further growth and prosperity opportunities for business communities in both countries, Dr. Thani bin Ahmed Al Zeyoudi, UAE’s minister of state for foreign trade told the state-run news agency WAM.
The agreement will offer a high level of trade liberalisation, with the UAE granting a 98% tariff removal for goods from the Central African Republic, with the latter extending a 99.5% tariff removal for UAE exports, he added.
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