UAE-South Korea Comprehensive Economic Partnership Agreement
The president of the United Arab Emirates signed a Comprehensive Economic Partnership Agreement with South Korea, expanding trade and cooperation in various sectors.
Key Points
- CEPA signed between UAE and South Korea to boost economic cooperation
- Agreement includes lifting tariffs, investment commitments, and energy partnerships
- South Korea's first free trade deal with a Middle Eastern country
Pros
- Expanding trade between the UAE and South Korea
- Lifting tariffs on over 90% of goods traded
- Opening markets to online gaming content and medical services
- Investment commitments of $30 billion in South Korea