The Ukraine Recovery Conference is held in Gdansk, Poland. Deals such as the Cepa with the UAE are expected to help boost the Ukrainian economy despite the war with Russia. EPAThe Ukraine Recovery Conference is held in Gdansk, Poland. Deals such as the Cepa with the UAE are expected to help boost the Ukrainian economy despite the war with Russia. EPADeal will reduce or eliminate tariffs on goods and services
The UAE-Ukraine Comprehensive Economic Partnership Agreement will come into effect on July 1, boosting bilateral trade and investment between the two nations.
The deal will exempt 99 per cent of Ukrainian imports of UAE goods and 97 per cent of Ukrainian exports from customs duties immediately.
The agreement is estimated to contribute $369 million to the UAE's GDP and $874 million to Ukraine's economy by 2031.
The UAE has signed 37 CEPAs with trading partners globally, with the Ukraine deal becoming the 18th to come into force.
