UAE-Ukraine CEPA to bolster economic growth
The UAE has signed a comprehensive economic partnership agreement (CEPA) with Ukraine, that is expected to increase GDP in both countries by $1 billion over the next six years.
The pact is projected to contribute $369 million and $874 million to the UAE’s and Ukraine’s economic growth, respectively.
Upon its expected implementation this year, the agreement will eliminate custom duties on 99% of Ukrainian imports of UAE goods and 97% of Ukrainian exports to the UAE.
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