Jump to content

Recommended Posts

Posted

Picture8.png.a70f172cf939e0267609fcb390cdb201.png

 

MANILA – The Department of Trade and Industry (DTI) targets to conclude the trade and investment agreement with the United Arab Emirates as early as next year, DTI Assistant Secretary Allan Gepty said Thursday.

 

During the virtual presser of the Presidential Communications Operations Office’s Office of the Global Media and Public Affairs, Gepty said the Comprehensive Economic Partnership Agreement (CEPA) with UAE is the country’s free trade agreement (FTA) in the Middle East.

 

This, as the Philippines and UAE last month both expressed to pursue the CEPA.

 

“This will be the platform by which we can reach out to the vast market of the Middle East, including the GCC (Gulf Cooperation Council),” Gepty said.

 

He added the Philippines also aims to make the UAE as the country’s gateway to North Africa through CEPA.

 

The trade deal negotiator said more Filipino brands will be expected in the UAE once CEPA is concluded.

Gepty said through CEPA, the country aims to stabilize trade relations with UAE, especially petroleum imports.

 

He said the two countries will now work on the terms of reference of the deal and negotiate what elements will be included in the deal.

 

Both the Philippines and UAE will conduct their respective studies and consultations with stakeholders. (PNA)

 

Join our 3 x a week Philippines News, Travel and Expat information newsletter and keep up to date. https://aseannow.com/newsletter.php

 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...