UAE and Costa Rica Ink Cepa Deal To Promote Investment and Trade Ties

The united arab emirates and Costa Rica marked a comprehensive economic partnership agreement (CEPA) in a contract that will give new funding potential in key areas and lift exchange ties between the two nations.  

The settlement between the exchanging partners will support the private sector alliance and deliver financial opportunities in crucial areas, including logistics, energy, aviation and travel industry, according to sources.

“We look forward to the impact this agreement will have on trade and investment ties between the UAE and Costa Rica,” President Sheikh Mohamed said in a post on X on Thursday.

“The UAE is committed to building bridges of friendship and co-operation with nations that share our vision of long-term prosperity.”

“This is the first agreement of its kind between Costa Rica and a country of the Middle East, aligning with our administration's strategic objective of expanding into new markets,” Costa Rica President Rodrigo Chaves Robles said.

“I firmly believe this economic partnership will unlock a myriad of trade and investment opportunities.”

This is the most recent in a line of Cepa signings by the UAE and follows the summary of exchanges for an arrangement with Kenya in February. That was pointed toward giving further admittance to the high-development African mainland and ventured into areas from food to innovation. The UAE is centered around supporting its non-oil trade with nations worldwide as it tries to enhance its economy and draw in foreign investment.