The United Arab Emirates has successfully concluded discussions about a bilateral trade agreement with the Republic of Congo, marking the second such accord disclosed with an African nation within the span of a week.
On the digital platform X, formerly known as Twitter, Minister of Trade Thani Al Zeyoudi announced the broadening scope of the UAE’s trade network. He revealed the successful conclusion of negotiations for a Comprehensive Economic Partnership Agreement with the Republic of Congo-Brazzaville.
Al Zeyoudi underscored the Republic of Congo’s standing as a thriving economy in West-Central Africa and emphasized its pivotal role as a cherished trade and investment ally for the United Arab Emirates.
Since the onset of 2021, the United Arab Emirates has actively undertaken a strategic course, introducing a suite of Comprehensive Economic Partnership Agreements. These encompass bilateral arrangements about trade, investment, and cooperation, emblematic of the nation’s commitment to proactively fortify its economic framework.
The primary thrust behind these initiatives is the diversification of income sources and the promotion of growth across diverse economic sectors. Through these deliberate actions, the UAE endeavors to bolster its economic resilience, paving the way for a sustainable and dynamic trajectory in its economic landscape.
The previous week marked a significant milestone for the United Arab Emirates, a prominent global oil exporter and member of OPEC, as it successfully concluded negotiations for a trade agreement with Mauritius. This achievement signifies the UAE’s inaugural trade deal with an African nation.