President of His Highness Sheikh Mohammed bin Zayed Al Nahyan and President of Ukraine Mr. Volodymyr Zelenskyy today attended the ceremony of signing the Agreement on Comprehensive Economic Partnership (CEPA) between the UAE and Ukraine. This agreement aims to open new opportunities for trade, investment, and economic cooperation between the two countries.
The Highness emphasized the importance of the agreement in strengthening strategic ties between the UAE and Ukraine, enhancing bilateral trade, and developing economic cooperation in conjunction with the ambitions of both nations. His Highness expressed confidence that this agreement will play a key role in deepening economic and investment relations between the two countries, contributing to mutual growth and prosperity.
"This will also accelerate the economic recovery of Ukraine and create new opportunities for collaboration in sectors such as infrastructure, heavy industry, aviation, space, and information technologies," he noted.
In turn, President Zelenskyy underscored the role of the agreement in expanding economic cooperation between Ukraine and the UAE, from which all countries and their peoples benefit.
The agreement was signed during an official ceremony in Al Sharjah under the auspices of the UAE’s Prime Minister Sheikh Mohammed bin Rashid Al Maktoum, Minister of Foreign Trade of the UAE, and His Excellency Yulia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine.
Within the framework of CEPA, 99 percent of Ukrainian imports of products from the UAE and 97 percent of Ukrainian exports to the UAE will be exempt from customs duties with immediate effect. According to estimates, the agreement will bring in 369 million dollars to the UAE GDP and 874 million dollars to the GDP of Ukraine by 2031.
International trade remains one of the cornerstones of the UAE’s economic strategy, aiming to increase oil trade to 4 trillion dirhams (1.1 trillion US dollars) by 2031. Since the launch of its global trade strategy, the UAE has signed 24 agreements on comprehensive economic partnerships with key regional and global trading partners, covering markets where more than 2.5 billion people – a quarter of the world's population – reside. These agreements facilitate growth in critical sectors such as logistics, clean and renewable energy, advanced technologies, and sustainable food systems.
