NEW investment opportunities in key sectors are in store for the United Arab Emirates (UAE) and Columbia after both nations signed the Economic Partnership Agreement on Trade and Investment.
The agreement was signed by Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and Manuel Tovar, Minister of Foreign Trade of Costa Rica.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and Costa Rica President Rodrigo Chaves Robles, witnessed the signing ceremony.
The UAE-Costa Rica Comprehensive Economic Partnership Agreement (CEPA) seeks to enhance trade flows and offer more investment opportunities in sectors such as logistics, energy, aviation, tourism, and infrastructure.
The non-oil bilateral trade between the two countries stood at $65m in 2023.
The UAE expects the deal to contribute $46 million to its annual GDP.
