UAE trade deals with Turkey and Indonesia take effect

File photo

The UAE's Comprehensive Economic Partnership Agreements (CEPA) with Turkey and Indonesia has come into force paving the way for advanced trade and investment cooperation with the two rapidly emerging global economies.

The pacts will help to remove or reduce tariffs on a wide range of goods while eliminating trade barriers and establishing pathways for investment into priority sectors.

New investment avenues in logistics, energy, food production, FinTech, ecommerce and travel and tourism will benefit from the deals.

"Both agreements will unlock a range of opportunities for our private sector in two of the world’s most dynamic centres of growth and help broaden our network of trade partnerships with strategically important markets – both regionally and globally,” said Dr Thani Al Zeyoudi, Minister of State for Foreign Trade.

The agreements are the third and fourth of similar deals to come into force, following the successful roll-out of agreements with India and Israel.

More from Local

  • H.H. Sheikh Hamdan appointed as UAE Deputy PM, Minister of Defence

    His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced the appointment of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, as Deputy Prime Minister of the UAE, and UAE Minister of Defence.

  • H.H. Sheikh Abdullah appointed Deputy PM in cabinet reshuffle

    His Highness Sheikh Mohammed bin Rashid al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has appointed His Highness Sheikh Abdullah bin Zayed Al Nahyan as Deputy Prime Minister of the UAE alongside his continuing role as Minister of Foreign Affairs.

  • RTA trials world's first 3D-printed abra

    Dubai’s Roads and Transport Authority (RTA) is trialling the world's first electric abra manufactured using 3D printing technology, in collaboration with the private sector.

  • UAE strongly condemns continuing Israeli violations in Gaza

    The United Arab Emirates has condemned and denounced in the strongest terms the continuing Israeli violations in the Gaza Strip, and the most recent targeting of camps for displaced people in Khan Younis, southern Gaza, which led to numerous deaths and injuries to dozens of innocent civilians.

  • H.H. Sheikh Mohammed inspects DXB Terminal 3 upgrades

    His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Saturday reviewed the progress of various upgrades and amenities at Dubai International Airport’s Terminal 3.

Coming Up on Dubai Eye

  • The Best of Dubai Eye 103.8

    3:00pm - 7:00pm

    Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.

  • Nights on Dubai Eye 103.8

    7:00pm - 11:00pm

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.