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UAE, Ukraine conclude talks on bilateral trade deal
https://www.reuters.com/world/uae-ukraine-conclude-talks-bilateral-trade-deal-2024-04-29/UAE, Ukraine conclude talks on bilateral trade deal
By Reuters
April 29, 2024 4:34 AM EDT Updated 3 hours ago
ABU DHABI, April 29 (Reuters) - The United Arab Emirates and Ukraine have completed negotiations for a bilateral trade deal, according to a joint statement released on Monday, ahead of its formal signing.
The Comprehensive Economic Partnership Agreement (CEPA) will remove or reduce tariffs on a range of good and products, remove trade barriers and ease market access to exporters from both sides, the statement said.
In addition, the CEPA will also "support Ukraine's recovery and the rebuilding of key industries and infrastructure, while also helping to strengthen supply chains to the (Middle East and North Africa) region for major exports such as grains, machinery and metals."
The Gulf state has tried to remain neutral in the Ukraine conflict despite Western pressure on Gulf oil producers to help isolate Russia, a fellow OPEC+ member. It started negotiations for a trade agreement with Ukraine at the end of 2022.
[...]
By Reuters
April 29, 2024 4:34 AM EDT Updated 3 hours ago
ABU DHABI, April 29 (Reuters) - The United Arab Emirates and Ukraine have completed negotiations for a bilateral trade deal, according to a joint statement released on Monday, ahead of its formal signing.
The Comprehensive Economic Partnership Agreement (CEPA) will remove or reduce tariffs on a range of good and products, remove trade barriers and ease market access to exporters from both sides, the statement said.
In addition, the CEPA will also "support Ukraine's recovery and the rebuilding of key industries and infrastructure, while also helping to strengthen supply chains to the (Middle East and North Africa) region for major exports such as grains, machinery and metals."
The Gulf state has tried to remain neutral in the Ukraine conflict despite Western pressure on Gulf oil producers to help isolate Russia, a fellow OPEC+ member. It started negotiations for a trade agreement with Ukraine at the end of 2022.
[...]
