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Top officials after signing the agreement.
The UAE’s Comprehensive Economic Partnership Agreement (CEPA) with Cambodia has officially entered into force, promising to enhance trade flows, create opportunities for strategic investment, and accelerate economic diversification for both countries.
The agreement will do so through the removal or reduction of tariffs on more than 92 per cent of product lines, eliminating unnecessary barriers to trade, and improving market access for service exports.
The UAE-Cambodia Comprehensive Economic Agreement is the fifth CEPA to come into force; the deal has the potential to more than double the total value of non-oil trade between the UAE and Cambodia to $1 billion by 2030. It builds on growing bilateral relations that resulted in non-oil trade exceeding $407 million in 2022, a growth of 33 per cent compared to 2021.
In the first nine months of 2023, the UAE’s non-oil…
