The President of the Republic of Colombia, Gustavo Petro, received at the Presidential Palace in the capital, Bogota,
Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, on the sidelines of the UAE delegation’s high-level visit to Colombia.
President Gustavo Pietro and Dr. Thani Al Zeyoudi confirmed that the Comprehensive Economic Partnership Agreement is an important milestone in relations between the UAE and Colombia, and represents an additional step in the bilateral relations successful, as non-oil bilateral trade earned $553.1 million (two billion dirhams) in 2023, an increase of more than 43%, compared to 2022, and more than double what was achieved in 2021.
May God protect him, His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, and the President of the Republic of Colombia, Gustavo Pietro Urrego, saw the day before yesterday, through video communication technology, a complete economic signing. partnership agreement between the two countries, aiming for a new era of joint economic growth.
The Comprehensive Economic Partnership Agreement would help to double these numbers within five years of implementation, by reducing customs duties, removing trade barriers, and improving market access for the export of goods and services.
The agreement will also open avenues for investment and joint projects in sectors such as energy, environment, hospitality and tourism, infrastructure, agriculture and food production.
Al-Zeyoudi said Colombia is the fourth largest economy in South America in terms of gross domestic product, and has high-level skills and abundant natural resources, including coffee, oil, gas, coal and gold, which greatly adds to his total output. .
He said: “We are calling on Colombian companies to explore the opportunities that the business environment provides for growth in the Emirates, and the capabilities it provides that will support the growth of foreign investments and enhance trade between -national, as the Emirates has a strong territory. , a sea and air transport network to various markets around the world.” Al-Zeyoudi urged participants at the high-level meeting, which included senior officials and representatives of major companies and investors, to build on the growing bilateral relations and cooperation by strengthening the private sector. The Comprehensive Economic Partnership Agreement between the UAE and Colombia comes within the framework of the UAE’s Comprehensive Economic Partnership Program, which aims to increase the value of the country’s non-oil foreign trade to four trillion dirhams by 2031 , as comprehensive economic partnership agreements were signed. with India, Israel, Indonesia, Turkey, Cambodia and Georgia and Costa Rica.
2024-04-20 00:05:00
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