Philippine President Bongbong Marcos to Enhance Ties with UAE in Strategic Visit

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 On November 26, 2024, Philippine President Ferdinand "Bongbong" Marcos Jr. will travel to Abu Dhabi for a one-day working visit aimed at strengthening diplomatic and economic relations with the United Arab Emirates (UAE). This meeting with His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, underscores both nations’ commitment to fostering mutual cooperation and exploring new opportunities. A Diplomatic Priority The Presidential Communications Office (PCO) emphasized the importance of this trip, highlighting its potential to yield significant agreements that benefit both countries. “The productive dialogues between President Marcos and the UAE leadership are expected to deepen bilateral ties and create avenues for collaboration in areas of shared interest,” the PCO stated. The UAE has been a longstanding ally of the Philippines, particularly in labor and economic cooperation. The discussions are expected to touch on trade, investment, labor welfare, and sh
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Comprehensive Economic Partnership Agreement Signed by the UAE and Costa Rica

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UAE

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.


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.

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.

  

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