UAE and Thailand start CEPA talks

Tuesday, 9 May 2023 13:22

By ARN News Staff

The UAE has announced it's working towards a Comprehensive Economic Partnership Agreement with Thailand.

The Minister of State for Foreign Trade, Dr Thani bin Ahmed Al Zeyoudi, said it marks a new era of economic progress and opportunity for both nations.

In 2022, non-oil trade between the two countries reached $ 6.1 billion, up 21 per cent from 2021.

A UAE-Thailand CEPA will not only boost these numbers, the minister added, but will increase investment in key sectors such as tourism, food security, IT and logistics.

Today, HE Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce of #Thailand, and I agreed to launch negotiations towards a Comprehensive Economic Partnership Agreement – marking a new era of economic progress and opportunity for both nations. 🇦🇪🇹🇭 pic.twitter.com/Og7iYxRNuO
— د. ثاني أحمد الزيودي (@ThaniAlZeyoudi) May 9, 2023

More from Business News

'Next50' holds first meeting to promote UAE private sector growth

Investopia, in partnership with EMIR, an emerging market research specialist, held the first meeting of the ‘Next50’ initiative, which aims to promote dialogue and knowledge sharing among leading companies in the UAE, and stimulate investment in emerging sectors in the private sector.
Third 'Make It in the Emirates Forum kicks off in Abu Dhabi

The third edition of the "Make It in the Emirates Forum", organised by the Ministry of Industry and Advanced Technology (MoIAT) in collaboration with the Abu Dhabi Department of Economic Development (ADDED) and ADNOC Group, began on Monday in Abu Dhabi.
Canada orders dissolution of two firms, citing national security concerns

Canada ordered the dissolution of the business of two technology companies in the country on Friday, Bluvec Technologies Inc. and Pegauni Technology Inc., citing national security concerns.
US sues Live Nation over alleged gig monopoly

The US Justice Department and more than two dozen states have sued to break up Live Nation saying the concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists.