UAE President Sheikh Mohamed bin Zayed Al Nahyan and Serbian President Aleksandar Vučić recently exchanged a Comprehensive Economic Partnership Agreement (CEPA), marking a significant milestone in the UAE-Serbia relationship.
Sheikh Mohamed hailed the CEPA as a crucial step in building a network of trade agreements aimed at accelerating investment, promoting knowledge-sharing, and fostering joint ventures in high-growth sectors.
“Serbia is an important addition to our CEPA program and serves as a gateway to the promising Eastern European market,” he stated. “This agreement reflects our shared vision for a new era of collaboration, unlocking sustainable growth for both economies.”
President Vučić expressed optimism that the agreement would create new avenues for economic cooperation and diversification, leading to prosperity for both nations.
Once in effect, the UAE-Serbia CEPA will aim to eliminate or reduce tariffs on various products, remove trade barriers, protect intellectual property rights, support small and medium enterprises, and facilitate mutual investments.
The UAE is currently the third-largest market for Serbian exports in the Middle East, with foreign direct investment (FDI) increasingly directed toward key sectors such as renewable energy, agriculture, food security, infrastructure and logistics.
