The UAE and Malaysia officially implemented the Comprehensive Economic Partnership Agreement (CEPA), starting a new phase of trade and investment collaboration. The deal aims to double non-oil trade to $13.5 billion by 2032, targeting sectors such as artificial intelligence, healthcare, and logistics.
The agreement promotes economic cooperation and simplifies trade between the two countries. It encourages using local currencies in cross-border transactions and integrates payment and messaging systems to reduce reliance on third-party currencies.
Analysts consider this move a major step toward stronger bilateral economic ties. The CEPA also supports growth in key sectors that are essential for the future economies of both nations.
