UAE-Türkiye Comprehensive Economic Partnership Agreement CEPA

UAE-Türkiye
Comprehensive
Economic Partnership
Agreement CEPA

The UAE-Türkiye CEPA was signed on March 3rd 2023 and entered into force 1 September 2023. As a result of the agreement, businesses can now take advantage of many new benefits, including:

  • Providing better market access for UAE products to Türkiye in market covering more than 83% of tariff lines and 93% value of trade with Türkiye.
  • An open and non-discriminatory environment for cross-border trade with Türkiye.
  • Enhanced market access for UAE’s service providers.
  • The removal of unnecessary technical barriers (TBT) for UAE and Turkish exporters.
  • The use of international standards as a basis for technical regulations.
  • Assurance that UAE products will not be subject to Türkiye ’s anti-dumping investigations as such products are merely transshipped.
  • A Joint Committee to assess, revise and propose amendments to the CEPA, including improving market access.

Key Benefits of CEPA

  • Certainty and Market Access for UAE Services Businesses.
  • Collaborating on Global Challenges.
  • Enabling SMEs to Expand and Thrive.
  • Reduced Barriers to Trade in Goods.
  • Empowering the Digital Economy.

CEPA Key Fields

  • Trade in Goods
  • Rules of Origin
  • Customs Procedures and Trade Facilitation
  • Technical Barriers to Trade
  • Sanitary and Phytosanitary Measures
  • Trade in Services
  • Digital trade
  • Investment
  • Intellectual Property
  • Dispute Settlement
  • Trade Remedies
  • Small and Medium Enterprises
  • Economic Cooperation
  • General Provisions

The Türkiye-UAE CEPA includes 18 chapters, View the agreement PDF

The CEPA will accelerate the exchange of goods and services between the UAE and Türkiye and facilitate greater investment flows, leading to economic gains for both nations. The deal is expected to boost the value of non-oil trade from US$18.9 billion to US$40 billion by in the next 5 years and create a total of 25,000 new jobs in across both countries by 2031.

For small businesses, the UAE-Türkiye CEPA helps expand into the Turkish market and diversify the consumer base through:

  • Ensuring access to information on export rules and requirements.
  • Establishing simple customs procedures.
  • Creating opportunities to network with commercial partners in Türkiye.

For industries and manufacturers, the UAE-Türkiye CEPA will create a transparent trade environment by:

The UAE-Türkiye CEPA will also enable greater investments in priority sectors such as:

  • Business
  • Telecommunications
  • Distribution
  • Financial and Insurance
  • Transportation
  • Healthcare
  • Education
  • Construction

For more detailed information, please click here