The UAE and Georgia have agreed to a Comprehensive Economic Partnership Agreement.
Aiming to Triple Non-Oil Trade, High-Level Officials Witness Historic Agreement
In a significant development, the United Arab Emirates (UAE) and Georgia have officially unveiled a Comprehensive Economic Partnership Agreement (CEPA), marking a historic step toward strengthening economic ties between the two nations.
This momentous agreement carries the ambitious goal of tripling non-oil trade between the UAE and Georgia.
Witnessed by Prominent Leaders
The signing of this groundbreaking CEPA was witnessed by esteemed leaders: Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, and Irakli Garibashvili, Prime Minister of Georgia.
Their presence at the signing ceremony underscores the significance and commitment of both nations to fostering closer economic cooperation.
The Ambitious Target
At the heart of this agreement lies a bold objective – to triple non-oil trade. This target reflects the strong mutual interest in expanding trade relations and diversifying economic partnerships. By facilitating trade in a range of sectors, both countries aim to drive economic growth and development.
The Comprehensive Economic Partnership Agreement (CEPA) is set to create opportunities for businesses, enhance economic cooperation, and strengthen the bond between the UAE and Georgia.
It’s a testament to the global nature of trade and the commitment of both nations to harness their economic potential in an interconnected world.
