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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UAE and Ukraine Agreed on a Bilateral Trade Agreement

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On  Monday the United Arab Emirates and Ukraine have completed negotiations for a bilateral trade deal   

The Comprehensive Economic Partnership Agreement (CEPA) will remove or reduce tariffs on a range of goods and products, remove trade barriers and ease market access to exporters from both sides, the statement said.   

The UAE and Ukraine's bilateral non-oil trade reached $385.8 million in 2023, and by the end of 2022, their combined investments had reached almost $360 million. These investments are made in a number of areas, such as innovative technology, travel and tourism, infrastructure, and logistics.

The CEPA's strategic significance was underscored by UAE Minister of Foreign Trade Thani al Zeyoudi, who said, "It is an important step for us to have another gateway to Europe through Ukraine." He also added that, should Ukraine ever join the bloc, the agreement would not only give UAE companies market access for goods and services but would also make it easier for them to connect to the EU.

The CEPA between the UAE and Ukraine demonstrates the UAE's dedication to developing trade alliances and broadening its international influence.

  

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