UAE and Jordan’s New Trade Agreement Starts on Thursday
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Jordan starts on Thursday. It marks the beginning of a new phase of working together to grow trade in goods other than oil, with a goal of reaching over \$8 billion by 2032.
Major Economic Partnership
This is the first deal of its kind between the UAE and Jordan. It aims to boost trade and investment, help important industries grow, and support small and medium businesses, according to the Emirates News Agency (WAM).
The agreement will lower or remove taxes on traded goods and remove other barriers, making it easier for businesses to enter new markets and improve supply chains both regionally and globally.
It will also create big opportunities in areas like clean energy, medicine, transport, and tourism.
The CEPA (Comprehensive Economic Partnership Agreement) helped the UAE reach a record non-oil trade of $816 billion in 2024—an increase of 14.6% from the previous year. With 27 deals signed, the CEPA opens up access to markets with more than a quarter of the world’s population.
Important Quote
“This agreement starts a new chapter in our economic relationship and helps both countries grow together,” said Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade.
“Jordan has always been an important partner for the UAE. This deal will bring many benefits to both countries,” he added.
UAE-Jordan Trade
The UAE and Jordan want to grow their non-oil trade to over $8 billion by 2032. In 2024, their trade went up by 34.1%, reaching $5.62 billion.
Over the past 10 years, non-oil trade between the two countries has grown by 138%.
The UAE is Jordan’s fifth biggest trade partner in the world and its top foreign investor, with shared investments worth around $22.5 billion.
Key Figures
The UAE plans to double its economy to $800 billion by 2030 and reach over $1.1 trillion in non-oil trade by 2031.
Published: 16th May 2025
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