The United Arab Emirates so far has an FTA with Morocco and is currently in negotiations or explorations with Australia, Azerbaijan, Japan, New Zealand and the US, Australia and New Zealand.the US. It is also member of GAFTA.
last update: May 2012
Photo: IsraelMFA/CC BY-NC 2.0
Addis and Abi Dhabi have signed a comprehensive agreement providing "significant incentives and privileges for foreign investment" from the United Arab Emirates in Ethiopia.
The UAE and Poland have agreed to undertake all possible measures to further promote bilateral trade and develop economic relations as the first meeting of the UAE-Poland Joint Commission for Economic Cooperation began in Warsaw on February 6.
A free trade agreement (FTA) between India and the UAE would help increase bilateral trade flow between the two countries, a top Non-Resident Indian businessman said.
Indian Business Leaders Forum, or IBLF, said it will make an all-out effort to see that a Free Trade Agreement between the UAE and India becomes a reality in the coming months.
South Korea’s investments into the UAE will rise by 400 per cent while trade volume will expand by 50 per cent in next one year, once the free trade agreement is signed between the GCC and Seoul, a senior official said.
Imposing a value added tax (VAT) on GCC and Arab products in the UAE would be against the agreements signed by the country with other Gulf and Arab states, according to the Ministry of Economy.
A UAE-Japan FTA should focus on bridging the gap in trade between the two sides and encourage Japan to pump more investment into the UAE to enable it to acquire technology, which is needed for its economic diversification programme, said the Emirates Centre for Strategic Studies and Research.
The United States has not dropped the ball on a free-trade agreement with the UAE, Sheikha Lubna Al Qasimi, Minister of Foreign Trade, told delegates at the Middle East-Asia Leadership Forum in Dubai.
President His Highness Shaikh Khalifa Bin Zayed Al Nahyan and visiting Japanese Prime Minister Shinzo Abe expressed their firm determination to develop bilateral relations between the UAE and Japan at all levels.
The UAE is negotiating eight free-trade agreements with key economic blocks that will have an impact on trade worth Dh388 billion, according to 2005 figures, and cement the country’s position as the economic hub of the Middle East.