Launched a survey to assess the impact of the UAE-India Comprehensive Economic Partnership Agreement

«Economy» polls the opinion of the private sector before economic partnership talks with 6 countries

The ministry stressed that the survey helps shape the criteria and mechanisms for talks with countries. Archival

The Ministry of Economy has announced the launch of a new survey targeting investors, industrial companies, entrepreneurs and business owners in the UAE to gain their insights and ideas ahead of the start of comprehensive economic partnership agreements talks with Chile, Vietnam, Ukraine, Kenya, Pakistan and Thailand.

The Ministry stated that this survey helps shape the criteria and mechanisms of talks with countries under the umbrella of the UAE's Global Economic Agreements Program.

According to Al-Eqtessad, the survey, which all interested members of the UAE business community can participate in, consists of six sections covering areas such as current market access in target countries, prospects and opportunities for trade and investment, trade barriers, and the government's role in facilitating exports and investments.

The Ministry of Economy will use the outputs and results of this questionnaire to ensure the best comprehensive economic partnership agreements with the target countries for the benefit of UAE companies, whether through smoother and easier access for UAE exports to their markets, or by providing the appropriate business climate for Emirati investors in partner countries.

Juma Mohammed Al Kait, Assistant Undersecretary for International Trade Affairs at the Ministry of Economy, stressed that the private sector is a key partner in the country's efforts to expand its foreign trade with the world, thus stimulating sustainable economic growth.

"We recognise that businesses face a mix of opportunities and challenges in different markets, and we need to ensure that the country's Comprehensive Economic Partnership agreements deliver the maximum benefit and returns to the UAE's private sector."

It is noteworthy that the UAE signed the first comprehensive economic partnership agreement with India on February 18, 2022, and the agreement entered into force on May 2022, <>, followed by similar agreements with Indonesia, Israel and Turkey.

The UAE is currently targeting other agreements with 22 countries and five economic blocs, covering a total of 103 countries whose combined foreign trade accounts for up to 95 per cent of total global trade.

In addition, the Ministry of Economy has launched a new questionnaire to assess the impact of the comprehensive economic partnership agreement between the UAE and India, coinciding with the one-year anniversary of its entry into force.

The survey aims to identify private sector insights, comments and ideas on the agreement, especially in the areas of trade in goods and services and investment, especially those who have benefited directly or indirectly from the agreement.

The ministry explained that the questionnaire published on its website is the latest in its efforts to involve the private sector in its new trade policy to enhance its benefits, and benefit from the visions and ideas of the business community, pointing out that the survey will be open until June 15.