UAE and Mauritius launch historic business deal, eye financial growth.
Historic Trade Accord
In a groundbreaking move, the UAE and Mauritius have sealed the terms of a Comprehensive Economic Partnership Agreement (CEPA), marking the UAE’s inaugural agreement with an African nation.
This agreement is poised to revolutionize trade dynamics, boost investment inflows, and foster closer private-sector collaboration between the two nations.
Swift Conclusion of Negotiations
The culmination of negotiations, a testament to bilateral cooperation, unfolded merely four months after the initiation of talks.
The signing of a joint statement in Mauritius, witnessed by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Maneesh Gobin, Minister of Foreign Affairs, Regional Integration, and International trade of Mauritius, solidified the successful conclusion of the agreement.
Elevating Bilateral Relations
This milestone agreement is expected to fortify economic ties between the UAE and Mauritius, establishing a robust framework for increased trade exchanges, deeper investment engagements, and expanded collaboration across various sectors.
An African Gateway for UAE
With this partnership, the UAE gains a strategic foothold in Africa, leveraging the potential for enhanced economic interaction with the continent. The agreement sets the stage for progressive and mutually beneficial engagements, fostering economic growth and prosperity for both nations.
The expeditious conclusion of this significant partnership underscores the commitment of both nations to expedite economic advancements, paving the way for a new era of sustained cooperation and development.
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