ISLAMABAD: The Lahore Chamber of Commerce & Industry (LCCI) on Wednesday quoted the UAE’s ambassador as saying the Emirates and Pakistan were in the “final stage” of signing a Comprehensive Economic Partnership Agreement (CEPA) to enhance trade and remove obstacles.
Pakistan and the UAE maintain close economic ties, with the Gulf state serving as one of Islamabad’s largest trading partners and a major source of remittances. Trade between the two countries currently stands at around $8–10 billion, according to figures from the LCCI, while millions of Pakistanis live and work in the UAE. A Comprehensive Economic Partnership Agreement, a broad trade framework aimed at reducing tariffs, easing market access and strengthening investment flows, would formalize and potentially deepen those ties.
Speaking at the Lahore Chamber, UAE Ambassador Salem Mohammed Al Zaabi said the CEPA would help remove business obstacles and deepen economic ties between the two countries.
“Pakistan and the UAE are at the final stage of signing a Comprehensive Economic Partnership Agreement, which would significantly boost bilateral trade and remove business obstacles between the two countries,” Al Zaabi was quoted as saying in a statement issued by the Lahore Chamber.
