To boost the cargo industry in the region, the UAE and the Kingdom of Morocco have finalised the terms of CEPA to launch a new chapter of mutually beneficial trade and investment ties between the two countries. The conclusion of negotiations was confirmed by the signing of a joint statement by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, UAE, and Ryad Mezzour, Minister of Industry and Trade, the Kingdom of Morocco. Welcoming the latest step in the UAE’s foreign agenda, Dr. Thani bin Ahmed Al Zeyoudi said, “The UAE-Morocco agreement is a valuable addition to our CEPA programme.” Once implemented, the agreement will facilitate free flow of goods and services by reducing or removing tariffs, eliminating unnecessary trade barriers, improving market access for services, enhancing customs harmonisation and establishing flexible rules of origin for goods. It will also establish platforms for investment and private-sector collaboration in logistics, infrastructure, mining, food security and transport. The UAE is the largest Arab investor in Morocco with more than US$15 billion invested in a variety of strategic projects.
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