BAKU, Azerbaijan, May 26. The Comprehensive
Economic Partnership Agreement (CEPA), signed between Azerbaijan
and the United Arab Emirates (UAE) on July 9, 2025, has entered
into force, Trend
reports via the Ministry of Economy.
According to information, the Comprehensive Economic Partnership
Agreement signed with the UAE is aimed at strengthening economic
cooperation between the countries, as well as liberalizing and
facilitating trade.
The agreement was signed during a meeting between the President
of the Republic of Azerbaijan, Ilham Aliyev, and President Sheikh
Mohammed bin Zayed Al Nahyan as part of his working visit to the
UAE. The document was signed by the Azerbaijani Minister of
Economy, Mikayil Jabbarov, and the UAE Minister of Foreign Trade,
Thani bin Ahmed Al Zeyoudi.
The main purpose of signing the document is to strengthen
economic partnership between the parties, liberalize and facilitate
trade.
"The entry into force of the Agreement, which aims to increase
economic diversification and prosperity as part of the strategic
relationship with the UAE, is an important milestone in bilateral
relations. The document creates an important basis for sustainable,
knowledge-based, and innovation-based economic development that
meets modern challenges.
CEPA consists of 18 chapters and their annexes. According to the
agreement, market access is expanded for trade in goods and
services. The document envisages the elimination of tariffs on more
than 90% of the goods nomenclature in trade between the parties. At
the same time, customs procedures are simplified, requirements for
sanitary and phytosanitary measures are eased, and clear rules of
origin are applied.
The document also aims to support small and medium-sized
businesses and strengthen joint activities in various economic
areas. This promotes diversification, joint economic growth, and
prosperity within the framework of the strategic relationship
between the two countries," the ministry explained.
The ministry pointed out that the agreement opens up new
opportunities for deepening trade and investment relations,
increasing the sustainability of supply chains, expanding
cooperation in the digital economy, and creating a more favorable
and transparent environment for business entities.