A free trade zone will be created between the EAEU and the UAE

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A free trade zone will be created between the EAEU and the UAE
December 11th. /MEDIA TALK/. The Eurasian Economic Union and the United Arab Emirates have completed a dialogue on concluding an economic cooperation agreement providing for the establishment of a duty-free trade zone between the participants. A message about this appeared on the website of the Eurasian Economic Commission.

The document will have to go through the necessary internal approvals before signing. Since the entry into force of the economic cooperation agreement, preferential terms will apply to over 90% of bilateral trade and over 85% of the range of goods.


Photo: ru.freepik.com

The Supreme Eurasian Economic Council has decided to start discussing the creation of a free trade zone with the UAE in December 2022. Four stages of negotiations took place during 2023 and 2024.

The day before, we wrote about the entry of the Russian cosmetics chain Golden Apple into the UAE market.
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