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  1. Trade Diversification & Prosperity: Beyond Oil Traditionally known for its oil and mineral exports, Colombia is now showcasing its non-petro economic strengths in Dubai. The country’s world-renowned coffee, exotic flowers, and high-quality textiles are gaining traction in the UAE market. Thanks to duty-free trade agreements, Colombian businesses enjoy a competitive edge, making it easier to export premium goods without heavy tariffs. Additionally, Latin American tech startups are entering Dubai’s innovation ecosystem, offering next-gen solutions in fintech, agritech, and sustainable energy. This shift highlights the region’s move toward a knowledge-based economy, reducing reliance on raw material exports. 2. Economic Diplomacy in Action: ProColombia & Trade Missions Government-backed initiatives like ProColombia have been instrumental in fostering UAE-Latin America trade relations. Through high-level trade missions and participation in Expo 2020 Dubai, Colombian busine...

  The UAE and Colombia have signed a  Comprehensive Economic Partnership Agreement (Cepa) , marking a significant step in their bilateral relations. The agreement aims to improve trade transactions by cutting tariffs, removing trade barriers, and improving market access for merchandise and service exports. It also aims to open investment and joint ventures in key sectors such as energy, environment, hospitality, tourism, infrastructure, agriculture, and food production. The Cepa follows a 43% increase in bilateral non-oil trade in 2023, reaching an all-time high of $53.1 million. The UAE is committed to building strategic partnerships that serve mutual interests, as part of its efforts to create a prosperous and sustainable future for future generations. The Cepa is expected to open a significant chapter in bilateral relations, allowing businesses to benefit from access to each other’s markets and regions. Colombia’s technologically advanced economy is expected to provide oppo...