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UAE-Costa Rica Comprehensive Economic Partnership Agreement to unlock myriad of trade and investment opportunities

 

The UAE-Costa Rica Comprehensive Economic Partnership Agreement (Cepa) was signed by President HH Sheikh Mohamed bin Zayed and Costa Rican counterpart, HE Rodrigo Chaves Robles, in a virtual ceremony. The agreement aims to improve trade, increase private sector collaboration, and provide better investment opportunities in priority areas such as infrastructure development, energy, logistics, aviation, and tourism.

The agreement is the first of its kind between Costa Rica and a Middle Eastern country, aligning with the UAE’s strategic objective of expanding into new markets. HE Robles expressed his delight at the signing, stating that the economic partnership can unlock trade and investment opportunities, resulting in increased prosperity for people.

The Cepa is the latest agreement to be signed under the UAE’s foreign trade agenda, which aims to expand the nation’s network of trade partners, establish fresh markets for exports, and secure the nation’s status as a global gateway for goods and services. The agreement is expected to catalyze trade and investment into priority sectors, pushing both countries into a zone of improved shared economic success and prosperity for their respective businesses and people.

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