A historic agreement between Morocco and the United Arab Emirates

A new era of shared economic growth is dawning for Morocco and the United Arab Emirates. The two countries have successfully concluded negotiations towards the establishment of a Comprehensive Economic Partnership Agreement (CEPA).

Eleven years after the entry into force of the first free trade agreement between Morocco and the United Arab Emirates, Ryad Mezzour, Moroccan Minister of Industry and Commerce, and Thani bin Ahmed Al Zeyoudi, Emirati Minister of State for Foreign Trade, signed a joint declaration in Rabat to announce the successful conclusion of the negotiations and the finalization of the provisions of the agreement. The CEPA program aims to expand the UAE’s network of trade and investment partners in order to achieve the strategic objective of increasing the country’s non-oil foreign trade to AED 4 trillion by 2031. This ambitious goal reflects the UAE’s commitment to economic diversification and strengthening its presence in the global market. Thus, the agreement will not only strengthen bilateral relations with Morocco, but will also help position the UAE as a key player in the global economy.