The Comprehensive Economic Partnership Agreement (CEPA) signed between Azerbaijan and the United Arab Emirates (UAE) on July 9, 2025 has entered into force, the Ministry of Economy stated, APA-Economics reports.
According to the information, the Comprehensive Economic Partnership Agreement signed with the United Arab Emirates aims to strengthen economic cooperation, liberalize and facilitate trade between the countries.
The agreement was signed during a meeting between President of the Republic of Azerbaijan Ilham Aliyev and President of the United Arab Emirates Sheikh Mohammed bin Zayed Al Nahyan as part of the Azerbaijani President’s working visit to the UAE. The document was signed by Azerbaijan’s Minister of Economy Mikayil Jabbarov and the UAE’s Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi.
The main purpose of signing the document is to strengthen economic partnership between the parties and liberalize and facilitate trade. The entry into force of the agreement, which aims to increase economic diversification and prosperity as part of strategic relations with the UAE, marks an important milestone in bilateral relations. The document creates a significant foundation for sustainable, knowledge- and innovation-based economic development that meets modern challenges.
The CEPA consists of 18 chapters and their annexes. According to the agreement, market access for trade in goods and services is being expanded. The document envisages the elimination of tariffs on more than 90% of goods traded between the parties. In addition, 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 across various economic sectors. This promotes diversification, joint economic growth and prosperity within the framework of strategic relations between the two countries.
The agreement opens new opportunities for deepening trade and investment ties, increasing the resilience of supply chains, expanding cooperation in the digital economy, and creating a more favorable and transparent environment for business entities.
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