The signature of a Comprehensive Economic Partnership Agreement between Mauritius and the United Arab Emirates
Article Published on August 12, 2024
Mauritius and the United Arab Emirates (UAE) have officially signed a Comprehensive Economic Partnership Agreement (CEPA), marking a significant milestone in the economic relationship between the two nations. The agreement, which was signed on 22 July 2024, aims to enhance bilateral trade and investment ties, promoting mutual economic growth and development.
The signing of the CEPA opens up a wealth of opportunities for businesses in both Mauritius and the UAE. Companies can now explore new markets, benefit from reduced tariffs, and take advantage of the favorable investment conditions created by the agreement.
This partnership underscores the commitment of both nations to deepening their economic ties and working together towards shared prosperity. As the agreement comes into effect, it is expected to drive significant economic benefits and foster stronger bilateral relations in the years to come.
The CEPA is considered as a “Landmark Agreement", the first in Africa, which will position Mauritius and the UAE to capitalize on the evolving global economic landscape.