In the presence of Bin Zayed and Vucic… exchange of a comprehensive economic partnership agreement between the UAE and Serbia (photos)

Thus, Serbia has joined the network of trade partners of the UAE under the umbrella of the Comprehensive Economic Partnership Agreements Programme, which Abu Dhabi has implemented since September 2021, which is considered a fundamental pillar of the UAE’s growth strategy that aims to double the total value of foreign trade to four trillion dirhams by 2031.

UAE President Sheikh Mohammed bin Zayed Al Nahyan and Serbian President Aleksandar Vucic attended the ceremony to exchange the agreement in the Serbian capital, Belgrade. Mohammed bin Zayed stressed that the agreement is an important step in the relations of the UAE and Serbia, a rising economy in a growing region of Europe.

He added that it is “an advanced step in the path of our economic partnerships that empower business communities and enhance investment and opportunities through joint development projects in important sectors, such as logistics services and food security,” noting that Serbia is an important partner within the comprehensive economic partnerships program, and that the agreement meets the common ambition of the two countries to For a new era of cooperation and sustainable growth of the economy.

For his part, the Serbian President stressed the importance of the agreement, expressing his aspiration that it would contribute to opening new horizons of cooperation, in a way that serves development and sustainable economic prosperity in the two countries.

The agreement will contribute to removing or reducing fees on customs tariff lines and unnecessary barriers to trade, protecting intellectual property rights, supporting small and medium-sized companies, in addition to facilitating mutual investment flows.

The UAE is the third largest market for Serbian exports in the Middle East, while the increase in foreign direct investments has been directed towards high-priority sectors, which include renewable energy, agriculture, food security, infrastructure and logistics services.

During Bin Zayed’s visit to Belgrade, the two leaders discussed strengthening the comprehensive strategic partnership that brings together the two countries, in addition to a number of regional and international issues and developments, and Vucic was at the forefront of farewell to the Emirati president as he left Belgrade airport.

Source: “WAM”