UAE and Thailand start CEPA talks

WAM

The UAE has announced it's working towards a Comprehensive Economic Partnership Agreement with Thailand.

The Minister of State for Foreign Trade, Dr Thani bin Ahmed Al Zeyoudi, said it marks a new era of economic progress and opportunity for both nations.

In 2022, non-oil trade between the two countries reached $ 6.1 billion, up 21 per cent from 2021. 

A UAE-Thailand CEPA will not only boost these numbers, the minister added, but will increase investment in key sectors such as tourism, food security, IT and logistics.

More from Business News

  • Spinneys makes Dubai stock exchange debut

    Spinneys 1961 Holding PLC, an operator of premium grocery retail supermarkets under the Spinneys, Waitrose and Al Fair brands in the UAE and Oman, started trading on Thursday on the Dubai Financial Market (DFM).

  • ADNOC reports 18% Q1 growth

    ADNOC Distribution released strong Q1 2024 financial results, showing an 18 per cent year-on-year increase in EBITDA to $248 million.

  • Dubai Duty Free boss to retire after 41 years

    After 55 years in the travel retail industry and 41 at the helm of Dubai Duty Free (DDF), Colm McLoughlin, Executive Vice Chairman & CEO has announced that he is stepping down from his role on May 31, 2024.

  • Sharjah airport welcomes over 4 million passengers

    More than 4.2 million passengers travelled through Sharjah Airport in the first quarter of 2024, marking a 10 per cent year-on-year increase.

  • DXB on track to surpass 90 million passengers in 2024

    His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA), Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group, says he expects passenger traffic at Dubai International Airport to exceed 90 million by the end of this year.

News