Ukraine and UAE finalize negotiations on comprehensive economic partnership and sign statement

 

The finalized Comprehensive Economic Partnership Agreement between Ukraine and the United Arab Emirates heralds a new era of economic collaboration and growth. By encompassing not only trade in goods and services but also investments and digital trade, this agreement paves the way for a deeper integration of the two economies.

With the UAE serving as a gateway to global markets and Ukraine possessing a diverse range of industries, including transportation, metallurgy, and food processing, the potential for mutual benefit is immense. The agreement is expected to spur growth in sectors such as transportation, metallurgy, and food processing, leading to increased exports and economic prosperity for both nations.

Moreover, the agreement's short-term impact is projected to maintain a positive balance of trade in goods, while its medium and long-term effects may influence the trajectory of real GDP development. This comprehensive partnership underscores the commitment of Ukraine and the UAE to strengthening their economic ties and leveraging their respective strengths for mutual growth and development.