Economy

EU and UAE Set to Embark on Groundbreaking Free Trade Negotiations

Historic Agreement Reached

In a landmark telephone discussion, EC President Ursula von der Leyen and UAE President Sheikh Mohamed bin Zayed Al Nahyan have agreed to initiate free trade negotiations, signaling a new era in EU-UAE relations.

Strengthening Ties and Expanding Horizons

"This marks a positive step forward in EU–UAE relations and, alongside the negotiation of broader Strategic Partnership Agreements, can serve as a catalyst for stronger ties between the EU and the Gulf Cooperation Council (GCC)," the statement highlighted.

Focus Areas for Future Collaboration

The upcoming discussions will focus on enhancing trade in goods, services, and investments, with a special emphasis on renewable energy, green hydrogen, and critical raw materials, paving the way for sustainable economic growth.