UAE-South Korea Trade Agreement

Economic Partnership

The UAE and South Korea signed a Comprehensive Economic Partnership Agreement (Cepa), aiming to strengthen supply chains and boost investment. The agreement covers various sectors like economy, investment, energy, nuclear energy, infrastructure, and culture. It was signed during a summit between the two countries, where several agreements and Memorandums of Understanding were exchanged. The partnership aims to deepen cooperation in key areas such as economy, investment, conventional energy, clean energy, peaceful nuclear energy, defense technology, cybersecurity, infrastructure, high-tech industry, space, water technology, information and communication technology, SMEs, startups, agriculture, maritime transportation, civil aviation, education, culture, and healthcare. The agreement also focuses on enhancing cooperation on global and regional issues, including climate change, extremism, and developments on the Korean Peninsula.