UAE's free trade agreements with OIC states – how will they impact the Islamic economy?
Globalization is not a recent topic. Agreements to foster cross-border trade of goods and services have long proven to strengthen industries, develop strong investment partnerships and catapult trade.
To undergird the country’s growth and increase non-oil trade, the UAE launched its comprehensive economic partnership agreements (CEPA) programme in September 2021, aiming to achieve $1 trillion in trade value by 2031. Agreements implemented as part of the initiative since encompass markets across the Middle East, Africa, South America, Asia and Europe, covering around a quarter of the world’s population.
Several of the country’s CEPAs have been with Organization of Islamic Cooperation (OIC) countries. How can these agreements promote the Islamic economies of participating nations?
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
