Armenian President Visits UAE: Strengthening Ties Between Nations

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  In a significant diplomatic move, the President of Armenia has embarked on an official visit to the United Arab Emirates (UAE), aiming to bolster bilateral relations, expand economic cooperation, and foster cultural exchange between the two nations. The high-level visit marks a new chapter in Armenia-UAE relations, showcasing a mutual commitment to deepening political dialogue and exploring opportunities in trade, technology, energy, tourism, and investment. During his visit, the Armenian President held discussions with top Emirati leaders, including His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE and Ruler of Abu Dhabi. The leaders discussed regional and international developments, emphasizing the importance of peace, stability, and economic collaboration in the South Caucasus and Middle East regions. Key Highlights of the Visit: Economic Partnerships: Talks included strategies to enhance mutual trade and explore investment in sectors such as infrast...
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Comprehensive Economic Partnership Agreement Signed by the UAE and Costa Rica

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UAE

Also read :Korea-UAE CEPA to Scratch off Tariffs on Defense
Recently, in a virtual ceremony, Presidents His Highness Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates and Rodrigo Chaves Robles of Costa Rica oversaw the signing of the Comprehensive Economic Partnership Agreement (CEPA) between their countries. The agreement, which was signed by Costa Rican Minister of Foreign Trade Manuel Tovar and UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi, represents a critical turning point in the two countries' bilateral relations.

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It is anticipated that the CEPA will increase trade, encourage private sector cooperation, and open up new investment opportunities, especially in important industries like infrastructure, energy, logistics, aviation, and tourism. This agreement is a component of the UAE's larger international trade strategy, which aims to increase the number of trading partners it has globally, open up new export markets 

Sheikh Mohamed bin Zayed Al Nahyan praised the CEPA as a significant advancement in the commercial ties between the United Arab Emirates and Costa Rica. Non-oil commerce between the two nations reached over US$65 million in 2023, up 7% from 2022 and 31% from 15 years earlier. The President underlined the role that trade plays in promoting global collaboration, especially when it comes to protecting supply chains and tackling issues like food security and climate change.
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The accord highlights the dedication of both nations to fortifying their economic connections and investigating novel paths for collaboration, laying the groundwork for mutually advantageous alliances and enduring growth.
Also read :UAE and China opportunities to enhance bilateral ties

  

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