EU and UAE Leaders Agree to Launch Free Trade Negotiations

In a significant move to strengthen bilateral relations, European Commission President Ursula von der Leyen and UAE President Sheikh Mohamed bin Zayed Al Nahyan have agreed to commence free trade negotiations. This decision came to light during a pivotal telephone conversation held on Thursday.

Strengthening Ties Beyond Trade

The agreement is not just about trade; it's a stepping stone towards a broader Strategic Partnership Agreement between the EU and the Gulf Cooperation Council (GCC). The leaders envision this as a foundation for enhanced cooperation in various sectors, including but not limited to, renewable energy and green hydrogen.

Focus Areas of the Upcoming Talks

The negotiations will primarily focus on expanding trade in goods, services, and investments. A special emphasis will be placed on critical raw materials, highlighting the shared commitment of both parties towards sustainable development and economic growth.