UAE-Jordan Comprehensive Economic Partnership Agreement To Come Into Force - Middle East Business News and Information
HE Al Zeyoudi: 'The launch of the UAE-Jordan CEPA marks a significant advancement in our economic collaboration, creating new avenues for growth and mutual prosperity.'
Abu Dhabi, UAE – May 2025: The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates and the Hashemite Kingdom of Jordan will officially come into effect tomorrow, heralding a new era of economic cooperation. This landmark agreement is the first CEPA signed between the UAE and an Arab nation, aimed at enhancing trade and investment ties, stimulating growth in key sectors, and empowering small and medium-sized enterprises (SMEs).
With the CEPA entering into force tomorrow, the two nations aim to boost bilateral non-oil trade to over US$8 billion by 2032. This follows impressive year-on-year growth between 2023 and 2024 of 34.1%, with non-oil trade between the two nations reaching approximately US$5.62 billion in 2024. This agreement will eliminate or reduce tariffs and remove trade barriers, enhancing market access and strengthening regional and global supply chains.
His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, stated, 'This agreement signifies a new era of collaboration, enhancing our economic ties and creating a framework for shared growth and prosperity. Jordan has long been a valued partner for the UAE, and through this CEPA, we are poised to unlock numerous opportunities that will benefit both nations.'
Jordan has been a vital partner for the UAE for many years, with bilateral non-oil trade experiencing tremendous growth over the last decade, increasing by 138%. The UAE is Jordan's fifth-largest trading partner globally, while the UAE remains the largest foreign investor in Jordan, with mutual investments estimated at approximately US$22.5 billion.
The CEPA is expected to create significant opportunities across various sectors, including renewable energy, pharmaceuticals, logistics, and tourism. Jordan's highly-skilled workforce and strong industrial base, particularly in the production of phosphates, textiles, and pharmaceuticals, complements the UAE's expertise in energy, infrastructure, and finance, fostering a collaborative environment that enhances the global reach of both nations.
The agreement was finalized following three rounds of negotiations, highlighting the shared commitment of both countries to quickly realize the benefits of the new agreement. The CEPA will also support SMEs by reducing trade restrictions and offering platforms for collaboration that will empower the next generation of entrepreneurs and innovators and ensure that the economic benefits are widely shared.
The CEPA program is a vital element of the UAE's economic growth strategy, highlighting its commitment to establishing strong global trade partnerships. The UAE aims to double its economy to US$800 billion by 2030 and achieve over US$1.1 trillion in total non-oil trade value by 2031. The program significantly contributed to the UAE's record non-oil trade of US$816 billion in 2024, reflecting a 14.6% increase from 2023. With 27 concluded agreements, the CEPA program expands access for UAE businesses to over a quarter of the world's population.
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