AED 216 million in non-oil intra-GCC trade in 2022, a growth of 19%

UAE, Costa Rica launch talks to sign comprehensive economic partnership agreement

Zeyoudi and Costa Rican Minister of Foreign Trade during the signing of a statement on the start of the talks. From the source

The Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, and the Minister of Foreign Trade of Costa Rica, Manuel Tovar Rivera, signed yesterday a joint ministerial statement on the start of preliminary talks to reach the signing of a comprehensive economic partnership agreement between the UAE and Costa Rica.

This came during Al Zeyoudi's reception of the Costa Rican ministerial delegation at the headquarters of the Ministry of Economy in Dubai.

Al Zeyoudi said: "Today, we are building an important and influential milestone in the march of economic and trade relations between the UAE and Costa Rica, by launching the initial talks on signing a comprehensive economic partnership agreement between them." "Costa Rica is an important strategic partner for the UAE in the Central American region," he added.

Al Zeyoudi pointed out that trade and investment flows between the two countries are witnessing continuous growth, as the volume of non-oil trade reached AED 216 million during 2022, a growth rate of 19% compared to 2021.

He said: "We will continue to work through the Comprehensive Economic Partnerships Program, in order to support the country's vision in building international partnerships with the targeted global strategic markets, in line with the vision of (We are the UAE 2031), which aims to double the national economy from AED 1.49 trillion to three trillion dirhams, increase non-oil national exports to AED 800 billion, and raise the value of UAE foreign trade to four trillion dirhams by 2031."