CEPA to Boost UAE-CAR Trade Beyond AED3.67 Billion

 Non-Oil Trade Continues to Expand

Non-oil trade between the UAE and the Central African Republic reached over AED925 million in 2024 ( CEPA ). The rapid growth reflects increasing economic cooperation and strong bilateral trade relations. Businesses from both countries benefit from expanding trade opportunities and reduced tariffs. Strong partnerships drive economic expansion and mutual prosperity.

CEPA to Enhance Economic Diversification

Dr. Thani bin Ahmed Al Zeyoudi emphasized CEPA’s role in strengthening trade and investment ties. The agreement aligns with the UAE’s strategy for economic diversification and sustainable development. Companies in both nations will access new investment opportunities in key industries. Stronger economic ties create jobs and accelerate financial growth.

Tariff Reductions to Boost Exports

CEPA ensures high trade liberalization, granting a 98% tariff removal for Central African Republic exports. The country reciprocates with a 99.5% tariff removal for UAE goods, increasing market access for Emirati exporters. Businesses will benefit from lower costs and improved trade efficiency. Reduced tariffs encourage more trade and stronger market presence.

Expanding Investment in Key Sectors

The agreement unlocks investment opportunities in telecommunications, logistics, fintech, hospitality, and broader business sectors. It also supports trade in aluminium, ceramics, petrochemicals, gold, silver, food products, and textiles. Investors will find new opportunities in rapidly growing industries. Increased investments strengthen economic ties and boost sector growth.

Future-Focused Economic Collaboration

CEPA strengthens cooperation in digital economy and advanced technology sectors. It fosters opportunities for SMEs and promotes integrated investment projects between both countries. Entrepreneurs will gain access to resources that drive innovation and business growth. Economic cooperation supports technological advancements and business development.

Strengthening Bilateral Trade and Supply Chains

CEPA accelerates trade growth, enhances supply chains, and creates job opportunities. It also expands the UAE’s global trade network into new markets for mutual benefit. The agreement supports business expansion and economic progress for both nations. Stronger supply chains improve trade efficiency and business operations.