Via video call.. The Head of State and the President of Costa Rica witness the signing of a comprehensive economic partnership agreement between the two countries to advance trade and investment relations.
The President: The UAE continues its consistent approach to building bridges of cooperation with countries of the world to stimulate trade and investment exchange.
President of Costa Rica: The economic partnership agreement is in line with our strategic goal of expanding into new markets and will provide many trade and investment opportunities.
Abu Dhabi, April 17 / WAM / His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, “may God protect him,” and His Excellency Rodrigo Chavez Robles, President of the Republic of Costa Rica, witnessed – via video communication technology – the signing ceremony of a “comprehensive economic partnership agreement” between the UAE and Costa Rica aimed at starting… A new era of cooperation that enhances trade flows between the two countries and provides ambitious investment opportunities, especially in priority sectors for both countries.
The agreement was signed by His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and His Excellency Manuel Tovar, Minister of Foreign Trade of Costa Rica.
His Highness Sheikh Mohammed bin Zayed Al Nahyan stressed in his speech on this occasion that the signing of the comprehensive economic partnership agreement with Costa Rica embodies the UAE’s consistent approach in building bridges of effective and fruitful cooperation with countries of the world, with the aim of stimulating trade and investment exchange, and in a way that contributes to enhancing trade. International cooperation and economic support… This is based on the UAE’s firm belief that constructive international cooperation in achieving sustainable economic growth is capable of enhancing stability, peace, and the quality of life of peoples in the world.
His Highness said that the new partnership between the UAE and Costa Rica confirms the mutual keenness to open new horizons for cooperation and ambitious qualitative partnerships in a way that supports the development goals of the two countries.
For his part, His Excellency President Rodrigo Chavez Robles expressed his happiness with the conclusion of the Comprehensive Economic Partnership Agreement between the UAE and Costa Rica, which aims to consolidate trade and investment relations between them. He stressed that the agreement is the first of its kind with a country in the Middle East and is in line with his country’s strategic goals of expanding towards… New markets.
He expressed his confidence that this economic partnership will provide many trade and investment opportunities, thus enhancing the prosperity and well-being of the two friendly peoples.
The agreement signing ceremony was attended by His Highness Sheikh Hamdan bin Mohammed bin Zayed Al Nahyan and His Excellency Sheikh Mohammed bin Hamad bin Tahnoun Al Nahyan, Special Affairs Advisor at the Presidential Office.
The “Comprehensive Economic Partnership Agreement between the UAE and Costa Rica” is the latest agreement concluded by the country as part of its new foreign trade strategy, which aims to expand the base of its trading partners around the world, open new markets for its exports, and consolidate the country’s position as a global center for trade and a global corridor for goods and services.
The agreement – which is Costa Rica’s first with a Middle Eastern country – aims to build on the thriving trade relations between the UAE and Costa Rica, as intra-oil non-oil trade has continued its upward growth path over the past years, recording at the end of 2023 an increase of about 7 percent compared to what it was in 2022. And 31 percent compared to 2021.
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