Riyadh: The UAE and Mozambique have concluded negotiations on a Comprehensive Economic Partnership Agreement (CEPA). The final terms of the agreement were announced on Saturday in Abu Dhabi. The announcement took place in the presence of Daniel Francisco Chapo, President of the Republic of Mozambique, who is on an official visit to the UAE.
The conclusion of negotiations was announced by Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, and Basílio Zefanias Muhate, Minister of Economy of the Republic of Mozambique. Once signed, ratified and in force, the CEPA will reduce customs duties, remove trade barriers and expand market access, while providing a stable framework for investment.
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Al Zeyoudi said, "Concluding CEPA negotiations with Mozambique marks a significant milestone in the UAE’s efforts to expand its network of trade and investment partnerships across the African continent. It reflects the commitment of both our nations to elevate economic relations toward broader integration and sustainable growth. Mozambique’s economic potential and vital location in East Africa offer promising opportunities, and this agreement will foster a more open and competitive environment for our business communities by facilitating market access for goods and services, encouraging mutual investment, and opening new avenues for cooperation in priority sectors.”
