CEPA to boost trade between Viet Nam and UAE

Viet Nam and the United Arab Emirates (UAE) have signed the Viet Nam-UAE Comprehensive Economic Partnership Agreement (CEPA), marking Vietnam's first free trade agreement with a Middle Eastern nation. Under this agreement, Viet Nam commits to eliminating tariffs on 98.5% of the UAE’s exports to Viet Nam, while the UAE will remove tariffs on 99% of Vietnam’s exports to its market.

This opens up significant opportunities for a range of Vietnamese products. This partnership is expected to enhance trade relations and expand Vietnam’s economic presence in the Middle East, paving the way for increased investment and collaboration.