23 Hrs
Source:
Sky News
UAE-Eurasian Union Partnership Starts
The Eurasian Economic Partnership Agreement between the UAE and the Eurasian Economic Union, signed in June 2025, has officially come into effect to strengthen trade cooperation between the two parties. The agreement provides preferential access to approximately 86% of customs tariff items, covering around 96% of their mutual trade value, with expectations to increase annual trade to about $50 billion by 2032. This framework helps to reduce customs duties, simplify procedures, promote digital trade, and support the participation of small and medium-sized enterprises, thereby enhancing supply chain resilience and opening new opportunities in manufacturing, agriculture, and logistics sectors. In 2025, non-oil trade between the UAE and Union countries amounted to $33.6 billion, with continued growth throughout 2026, indicating sustainable momentum in trade cooperation.
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