The President of the State and the Ukrainian President witness the signing of the comprehensive economic partnership agreement between the two countries

His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, and Vulodimir Zellinski, President of the Republic of Ukraine today, witnessed the signing of the “Comprehensive Economic Partnership Agreement” between the UAE and Ukraine, which aims to open new horizons for joint cooperation and commercial and investment exchange between the two countries.

His Highness Sheikh Mohammed bin Zayed Al Nahyan stressed on this occasion the importance of the agreement in promoting strategic relations that bring together the two countries and push bilateral economic cooperation to new levels that meet their aspirations.

His Highness said, “We look forward to the comprehensive economic partnership agreement that constitutes a qualitative shift in the path of economic and investment cooperation in the interest of the joint development of the two countries,” noting that His Highness is that the UAE approach is based on building bridges of cooperation to achieve development and prosperity for all.

For his part, President Foludmir Zellinski stressed the importance of the agreement in expanding the horizons of the UAE -Ukrainian economic cooperation in the interest of the two countries and their peoples.

The agreement was signed – during the ceremonies that took place at the Beach Palace – Dr. Thani bin Ahmed Al -Zyoudi, Minister of State for Foreign Trade, and Yulia Sfiridino, First Deputy Prime Minister of the Economy in the Republic of Ukraine.

Under the partnership agreement, 99% of Ukraine’s imports of Emirati commodities, and 97% of Ukraine’s exports to the UAE will have an immediate exemption from customs duties.

The agreement is expected to add 369 million dollars to the gross domestic product of the UAE, and 874 million dollars to the GDP of Ukraine by 2031 .. It also supports the acceleration of the economic recovery of Ukraine and the provision of new opportunities for cooperation in various fields such as infrastructure, heavy industries, aviation, space and information technology .

Ukraine has a strategic importance for the UAE, while the volume of trade exchange between the two countries during the year 2024 to 372.4 million US dollars.

The Comprehensive Economic Partnership Agreement aims to expand the network of commercial partners of the country around the world and to enhance investment opportunities and economic cooperation in various sectors..and international trade is an essential pillar within the efforts of the UAE aimed at raising the volume of non -oil trade to 4 trillion dirhams (1.1 trillion US dollars) by solutions The year 2031. Since the launch of its external commercial agenda, the UAE has entered into 24 comprehensive economic partnership agreements with countries of regionally and globally strategic importance on the map of international trade, in which about 2.5 billion people live, i.e. a quarter of the world’s population, which contributes to enhancing growth in vital sectors such as services Logistics, clean and renewable energy, advanced technology, and sustainable diets.