{"id":43177,"date":"2023-07-22T17:47:21","date_gmt":"2023-07-22T17:47:21","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-and-uae-negotiate-creation-of-free-trade-area"},"modified":"2023-07-22T18:37:08","modified_gmt":"2023-07-22T18:37:08","slug":"mozambique-and-uae-negotiate-creation-of-free-trade-area","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-and-uae-negotiate-creation-of-free-trade-area","title":{"rendered":"Mozambique and UAE negotiate creation of free trade area"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>Mozambique and the United Arab Emirates (UAE) are negotiating a Comprehensive Economic Partnership Agreement (CEPA), creating a free trade area for goods, services and investment, the UAE Embassy in Maputo announced on Monday.<\/p>\n<p>In a statement, the Embassy of the United Arab Emirates said that the two countries are working on the \u201cremoval of trade and investment barriers in a wide range of goods and services with a view to promoting non-petroleum bilateral trade between the two\u201d.<\/p>\n<p>\u201cFor this purpose, the Embassy of the United Arab Emirates in Mozambique has added advantages to economic partnerships through ongoing negotiations which could culminate in the coming months with the signing of the Comprehensive Economic Partnership Agreement (CEPA) which covers several economic areas that have as a vision the establishment of a Free Trade Area that attracts opportunities for access to markets for goods, services and investment between the parties,\u201d the statement reads.<\/p>\n<p>The UAE Embassy adds that enhanced economic integration between the two countries \u201cwill bring business opportunities particularly for importers and exporters on both sides\u201d, representing \u201cmutual benefits, taking into account the strategic, geographical and logistical position of the United Arab Emirates on the one hand, and on the other, the vast natural and human resources \u2013 with an emphasis on agriculture \u2013 that Mozambique has\u201d.<\/p>\n<p>\u201cWith the signing of the joint declaration of intentions for the launch of CEPA negotiations, the UAE undertakes to strengthen its long-term economic partnership with Mozambique\u201d, the statement continues.<\/p>\n<p>This is an understanding based \u201con mutual interests\u201d that \u201cwill establish stronger strategic cooperation and promote innovation in addition to stimulating economic growth and creating job opportunities in both countries\u201d.<\/p>\n<p>According to the UAE Embassy, the volume of its trade with Mozambique between 2010 and 2021 reached US$3,700 million (3,295 million euros). Of this total, 1,500 million dollars (\u20ac1,335 million) was in direct investment.<\/p>\n<p>\u201cIn general, the CEPA will further enhance trade and investment between Africa and the Middle East,\u201d the embassy writes.<\/p>\n<p>\u201cThere are several opportunities for closer economic integration between the two countries, especially in the areas of agriculture, tourism, infrastructure, technology and renewables, at a time when an increasing number of Mozambican entrepreneurs are eager to establish businesses in Dubai, where they will certainly have the support of the necessary consultancy services,\u201d it explains.<\/p>\n<p>In 2021, the United Arab Emirates ranked among the 20 largest recipients of foreign direct investment, with an annual increase of 4%, to US$20.7 billion (\u20ac18.4 billion).<\/p>\n<p>Mozambique \u201cis among eight countries with which the United Arab Emirates intends to deepen and strengthen commercial ties through its strategic market\u201d.<\/p>\n<p>The announcement of the intention for a CEPA between the UAE and Mozambique \u201creflects the commitment with a view to achieving greater economic progress through trade and investment\u201d, the statement stresses.<\/p>\n<p><a href=\"https:\/\/www.facebook.com\/UAEinMaputo\/videos\/969296491160010\/\"><b>video<\/b><\/a><\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. Mozambique and the United Arab Emirates (UAE) are negotiating a Comprehensive Economic Partnership Agreement (CEPA), creating a free trade area for goods, services and investment, the UAE Embassy in Maputo announced on Monday. In a statement, the Embassy of the United Arab Emirates said that the two countries are working on the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":43176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12,18],"tags":[233,281,283],"class_list":["post-43177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","category-video","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mozambique and UAE negotiate creation of free trade area - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique and the United Arab Emirates (UAE) are negotiating a Comprehensive Economic Partnership Agreement (CEPA), cre ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-and-uae-negotiate-creation-of-free-trade-area\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique and UAE negotiate creation of free trade area\" \/>\n<meta property=\"og:description\" content=\"Mozambique and the United Arab Emirates (UAE) are negotiating a Comprehensive Economic Partnership Agreement (CEPA), cre ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-and-uae-negotiate-creation-of-free-trade-area\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-22T17:47:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-22T18:37:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1690034543.818334.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"940\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-and-uae-negotiate-creation-of-free-trade-area#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-and-uae-negotiate-creation-of-free-trade-area\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique and UAE negotiate creation of free trade area\",\"datePublished\":\"2023-07-22T17:47:21+00:00\",\"dateModified\":\"2023-07-22T18:37:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-and-uae-negotiate-creation-of-free-trade-area\"},\"wordCount\":472,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-and-uae-negotiate-creation-of-free-trade-area#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1690034543.818334.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"policy\",\"video\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-and-uae-negotiate-creation-of-free-trade-area#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-and-uae-negotiate-creation-of-free-trade-area\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-and-uae-negotiate-creation-of-free-trade-area\",\"name\":\"Mozambique and UAE negotiate creation of free trade area - 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