UAE-Angola CEPA Set to Boost Non-Oil Trade Beyond $10 Billion, Create 30,000 Jobs

The United Arab Emirates (UAE) and Angola have signed a Comprehensive Economic Partnership Agreement (CEPA) aimed at significantly enhancing bilateral trade and investment. The agreement is expected to increase non-oil trade between the two nations to over $10 billion annually by 2033 and create around 30,000 jobs.

The CEPA is part of the UAE’s strategic plan to strengthen ties with Sub-Saharan and West African markets, opening up new opportunities across multiple sectors. The agreement will reduce or eliminate customs duties, remove trade barriers, and facilitate investment flows, contributing an estimated $1 billion each to the GDPs of both countries.

Alongside the CEPA, the two nations also signed agreements covering artificial intelligence, renewable energy, tourism, and financial cooperation, further deepening their economic relationship.

Officials highlighted that this partnership underscores the UAE’s commitment to economic diversification and its ambition to position itself as a global hub for trade and investment.