The EU and UAE have commenced talks on a bilateral free trade agreement, aiming to enhance trade in goods, services, and strategic sectors, marking a significant milestone in EU-Gulf relations.
The European Union (EU) and the United Arab Emirates (UAE) have officially commenced negotiations for a bilateral free trade agreement, marking a significant step towards the first comprehensive EU trade deal in the Gulf region.
This initiative, referred to as a Comprehensive Economic Partnership Agreement (CEPA), aims to liberalize trade in goods, services, and investment, while enhancing cooperation in strategic sectors such as renewable energy, green hydrogen, and critical raw materials.
The EU is the UAE's second-largest trading partner, accounting for 8.3% of the Emirates' non-oil trade, valued at approximately $68 billion in 2024 .
This bilateral approach follows the suspension of broader EU-Gulf Cooperation Council (GCC) trade negotiations in 2008, highlighting a shift towards more targeted agreements with individual Gulf nations.
The negotiations are set to begin next week, with both parties expressing optimism about the potential for strengthened economic ties and mutual growth.
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U.S. President Donald Trump held an “excellent” phone call with Chinese President Xi Jinping on Wednesday, (4 February), to discuss trade, energy, Taiwan, Iran, and Russia’s war in Ukraine, ahead of Trump’s planned visit to Beijing in April.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 5th of February, covering the latest developments you need to know.
Israeli tank shelling and airstrikes killed 24 Palestinians including seven children in Gaza on Wednesday (4 February), health officials said, the latest violence to undermine the nearly four-month-old ceasefire.
An explosion and fire erupted after a fuel-laden freight train derailed at Kochyetovka station in Michurinsk, Russia, on Tuesday (4 February), halting rail traffic and triggering a major emergency response, authorities said.
Cuba’s Deputy Foreign Minister Carlos Fernández de Cossío has denied that Havana and Washington have entered formal negotiations, countering recent assertions by U.S. President Donald Trump, while saying the island is open to dialogue under certain conditions.
Talks with the U.S. should be pursued to secure national interests as long as "threats and unreasonable expectations" are avoided, President Masoud Pezeshkian posted on X on Tuesday (3 February).
Ukrainian President Volodymyr Zelenskyy accused Russia on Tuesday (3 February) of exploiting a U.S.-backed energy ceasefire to stockpile weapons and launch large-scale drone and missile attacks on Ukraine ahead of peace talks.
Rivers and reservoirs across Spain and Portugal were on the verge of overflowing on Wednesday as a new weather front pounded the Iberian peninsula, compounding damage from last week's Storm Kristin.
Paris prosecutors have summoned X chairman Elon Musk and former chief executive Linda Yaccarino for questioning in April as part of their probe into the X social media network, they said on Tuesday.
U.S. President Donald Trump held an “excellent” phone call with Chinese President Xi Jinping on Wednesday, (4 February), to discuss trade, energy, Taiwan, Iran, and Russia’s war in Ukraine, ahead of Trump’s planned visit to Beijing in April.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 5th of February, covering the latest developments you need to know.
The United States and Argentina have signed a framework agreement to strengthen cooperation on critical minerals on Thursday (4 February), reaffirming a shared commitment to building secure, resilient and competitive supply chains.
An explosion and fire erupted after a fuel-laden freight train derailed at Kochyetovka station in Michurinsk, Russia, on Tuesday (4 February), halting rail traffic and triggering a major emergency response, authorities said.
Ukrainian and Russian officials wrapped up a "productive" first day of new U.S.-brokered talks in Abu Dhabi, Kyiv's lead negotiator said on Wednesday (4 February).
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