The UAE-Ukraine CEPA has entered into force, removing tariffs on most goods and aiming to boost trade, investment and economic growth by 2031
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Ukraine officially enters into force on July 1, marking a significant milestone in economic relations between the two countries.
The agreement is designed to expand bilateral trade, increase investment flows and strengthen private-sector collaboration, while reinforcing the UAE’s position as a global trade hub and deepening ties with a key European market.
The CEPA will eliminate or reduce tariffs on a broad range of goods and services, making it easier for businesses in both countries to access new markets and expand internationally.
Under the agreement, 99 per cent of Ukrainian imports of UAE goods and 97 per cent of Ukrainian exports to the UAE will be exempt from customs duties with immediate effect.
The agreement is forecast to contribute $369m to the UAE’s gross domestic product (GDP) and $874m to Ukraine’s GDP by 2031.
UAE-Ukraine trade deal
Non-oil foreign trade between the UAE and Ukraine totalled $346.8m in 2025.
The CEPA is intended to help revive bilateral non-oil trade after volumes declined from a peak of $904.4m recorded in 2021, highlighting the potential for renewed growth under the agreement.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, said: “The UAE-Ukraine CEPA represents a landmark moment in our economic partnership. This agreement is designed to revitalise trade flows, unlock new avenues for investment, and foster collaboration across essential sectors, thereby benefiting both nations. By aligning our economic strategies, we can drive resilient and sustainable growth in an ever-evolving global landscape.”
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