UAE: Ministry of Commerce launches new survey on CEPA for business owners and entrepreneurs – News

The six-part survey covers areas such as current market access, trade and investment potential in the target country

The Ministry of Economy has announced the launch of a new survey targeting UAE business owners, industrialists and entrepreneurs to gain their insights and opinions ahead of the upcoming Comprehensive Economic Partnership Agreement (CEPA) negotiations. The survey will help determine the parameters of discussions with Chile, Vietnam, Ukraine, Kenya, Pakistan and Thailand and is open to all interested parties to ensure maximum benefit from the latest deal list.

The survey has six sections covering areas such as current market access in target countries; trade and investment potential; trade barriers and the role of governments in promoting exports and investment. Whether through smoother and more seamless access to export markets, or by creating the right environment for Emirati investors in partner countries, the ministry will use these responses to ensure the best deals for Emirati businesses.

HE Juma Alkait, Assistant Undersecretary for International Trade Affairs, said the private sector is an important partner for the UAE in promoting foreign trade and economic growth. “We recognize that businesses face unique challenges and opportunities in different markets, and we need to ensure our trade agreements reflect these realities to ensure maximum returns for the private sector.

“This survey provides an opportunity for businesses to share directly with us their experiences, concerns and priorities, which can not only influence ongoing negotiations, but also inform adjustments to deals already in place,” he added .

The UAE signed its first CEPA with India on February 18, 2022, and the agreement came into effect on May 1, 2022. The UAE has since signed agreements with Indonesia, Israel and Türkiye. Today, the UAE is targeting a total of 22 countries and five economic blocs, which would cover a total of 103 countries and account for 95 percent of total global trade.