Azerbaijanuae Comprehensive Economic Partnership Deal Takes Effect

2026-05-26 09:36:31

(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 26. The Comprehensive Economic Partnership Agreement (CEPA), signed between Azerbaijan and the United Arab Emirates (UAE) on July 9, 2025, has entered into force, Trend reports via the Ministry of Economy.

According to information, the Comprehensive Economic Partnership Agreement signed with the UAE is aimed at strengthening economic cooperation between the countries, as well as liberalizing and facilitating trade.

The agreement was signed during a meeting between the President of the Republic of Azerbaijan, Ilham Aliyev, and President Sheikh Mohammed bin Zayed Al Nahyan as part of his working visit to the UAE. The document was signed by the Azerbaijani Minister of Economy, Mikayil Jabbarov, and the UAE Minister of Foreign Trade, Thani bin Ahmed Al Zeyoudi.

The main purpose of signing the document is to strengthen economic partnership between the parties, liberalize and facilitate trade.

"The entry into force of the Agreement, which aims to increase economic diversification and prosperity as part of the strategic relationship with the UAE, is an important milestone in bilateral relations. The document creates an important basis for sustainable, knowledge-based, and innovation-based economic development that meets modern challenges.

MENAFN26052026000187011040ID1111169024

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.