Abu dhabi: Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, affirmed that the Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates and the Republic of Korea has entered its final stages ahead of its entry into force by the end of 2025.

According to Emirates News Agency, Dr. Al Zeyoudi, speaking at the UAE-Korea business roundtable in Abu Dhabi, emphasized that the agreement aims to enhance bilateral trade and economic relations. It will focus on tariff elimination or reduction, removing non-tariff barriers, and supporting trade in goods and services while facilitating investment flows between the two nations.

Dr. Al Zeyoudi highlighted the shared vision of the UAE and Korea for sustainable growth through trade and economic diversification. He mentioned that the agreement is expected to elevate cooperation to new levels, reflecting a commitment to economic integration.

Dr. Al Zeyoudi also noted the significance of Lee Jae-myung, President of the Republic of Korea, visiting the UAE, underscoring the strategic importance Korea places on its relationship with the UAE.

He further stated that several memoranda of understanding and agreements have been signed in various sectors, including food, cosmetics, finance, energy, investment in artificial intelligence within the peaceful nuclear energy sector, and petroleum. These agreements showcase the investment opportunities available between the two countries.

The roundtable event saw participation from more than 25 UAE companies, representing key sectors, to explore future trade and investment cooperation between the business communities of both nations.

Dr. Al Zeyoudi reported that non-oil trade between the UAE and Korea reached US$6.6 billion in 2024, marking an increase of over 11 percent. Trade figures for the first half of 2025 amounted to US$3.1 billion, demonstrating the robust and growing economic relations between the two countries.