UAE and Ukraine sign free-trade deal amid efforts to end war
Under terms of the pact, 99% of Ukrainian imports from the UAE and 97% of Ukrainian exports to the UAE will be exempt from customs duties
Signing ceremony at the Qasr Al Shati palace in Abu Dhabi on Monday (WAM)
The UAE signed a free-trade agreement with Ukraine amidst a joint U.S.-Saudi effort to bring Russia’s three-year war in the country to a close.
Ukraine President Volodymyr Zelensky and UAE President Sheikh Mohamed bin Zayed witnessed the signing of the Comprehensive Economic Partnership Agreement on Monday at the Qasr Al Shati palace in Abu Dhabi.
Under the terms of the pact, 99% of Ukrainian imports from the UAE and 97% of Ukrainian exports to the UAE will be exempt from customs duties.
The CEPA is aimed at accelerating Ukraine’s economic recovery from the war while creating new opportunities for trade with the UAE in fields including aviation, information technology, infrastructure and heavy industry.