UAE, the first commercial partner of the Congo, Arab

The Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al -Zyoudi, stressed that the signing of the comprehensive economic partnership agreement between the UAE and the Congo would contribute to strengthening bilateral trade between the two countries to exceed 7.2 billion dollars by 2032, indicating that the UAE is the first trading partner of the Republic of the Congo in the Arab world.

Al -Zyoudi said, in a statement to the Emirates News Agency “WAM”, that this agreement will support the role of the UAE as a global center for supply chains, which strengthens its position as a commercial gate between the Arab world, Europe, Asia and Africa.

He added that since the establishment of diplomatic relations in the middle of the first decade of the 21st century, the partnership between the UAE and the Congo developed, and has witnessed a remarkable prosperity, as the value of non -oil bilateral trade amounted to $ 3.1 billion in 2024, achieving growth of 4.2% compared to 2023, while the value of the UAE non -oil exports to the Congo amounted to $ 86 million.

Al -Zyoudi pointed out that the comprehensive economic partnership agreement is a continuation of the signing of three strategic agreements between the two countries in early 2023, which included avoiding double taxation, protecting and encouraging investments, and regulating air transport, and that the agreement may achieve growth in the GDP of the UAE with a value of 160 million dollars, and growth in the GDP of the Republic of the Congo at a value 110 million dollars by 2031.

He explained that after the signing of the agreement, both the Emirates and the Congo begin in the official certification process according to the legislative frameworks for each country, where the agreement will enter into force as soon as the certification procedures from both sides are completed.

He said that the comprehensive economic partnership agreement will contribute to alleviating the commercial restrictions facing the exports of small and medium -sized companies in both countries, as well as a platform for cooperation between small and medium -sized companies, and enables them to explore the opportunities for expansion in global markets.

Al -Zyoudi pointed out that small and medium companies will benefit from a specialized committee to support them, as it will provide opportunities for effective participation, in addition to the tools and resources that help them benefit from the agreement, while the agreement supports the exchange of commercial information, including laws, regulations and procedures, in addition to facilitating business registration operations and licensing them.