UAE & Jordan Sign Major Agreement to Boost Trade & Investment

The governments of the UAE and Jordan have signed their first Comprehensive Economic Partnership Agreement (CEPA) at a ceremony in Amman, attended by UAE President Sheikh Mohamed bin Zayed Al Nahyan and King Abdullah II of Jordan. This agreement aims to deepen bilateral trade and investment ties, accelerate growth in priority industries, create jobs, and strengthen supply chains.

The deal, signed by Dr. Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, and Yarub Al Qudah, Jordan’s Minister of Industry, Trade, and Supply, view the CEPA as a natural progression in the strategic relations between their countries.

The deal builds upon already strong economic ties, with non-oil trade between the two nations exceeding USD 4.2 billion in 2023. In the first half of 2024, non-oil trade reached USD 2.7 billion, reflecting a 36.8% growth compared to the same period in 2023. Jordan is the UAE’s third-largest Arab trade partner outside the GCC, while the UAE is Jordan's leading foreign investor, with mutual investments estimated at approximately USD 22.5 billion.