Abu Dhabi, 6th March 2025 – In a landmark development aimed at fostering stronger economic ties, the United Arab Emirates and the Central African Republic have signed a Comprehensive Economic Partnership Agreement (CEPA). The signing ceremony, held in Abu Dhabi, was witnessed by President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Faustin-Archange Touadéra, President of the Central African Republic.
The agreement is set to enhance trade and investment flows between the two nations, particularly in key sectors such as agriculture, infrastructure, and technology. His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and His Excellency Patrick Akoloza, Minister of Trade and Industry of the Central African Republic, formalized the agreement on behalf of their respective governments.
A New Era of Economic Cooperation
His Highness Sheikh Mohamed bin Zayed Al Nahyan emphasized that the CEPA marks a pivotal step in the UAE’s engagement with the Central African Republic. He highlighted that the agreement aligns with both nations’ aspirations for sustainable economic development and mutual prosperity.
“This agreement paves the way for expanded trade, investment, and cooperation that will benefit both our economies and societies,” stated His Highness.
Echoing these sentiments, President Faustin-Archange Touadéra expressed confidence that the CEPA would serve as a catalyst for economic growth, unlocking new opportunities for businesses and investors from both countries.
“Strengthening economic ties with the UAE is a significant milestone for the Central African Republic. This agreement will promote trade expansion and sustainable development, benefiting our people and industries,” said President Touadéra.
Expanding Bilateral Trade and Investment
Trade between the UAE and the Central African Republic has been on a sharp upward trajectory. In 2024, non-oil trade between the two nations reached approximately USD 252 million, reflecting a remarkable 75% increase compared to the previous year. The UAE has been a key supplier of essential goods, including food products, textiles, electronics, pharmaceuticals, and industrial machinery, contributing to the development of various sectors across the Central African Republic.
Conversely, the Central African Republic’s exports to the UAE include agricultural commodities such as coffee, cotton, and cassava, along with valuable mineral resources like gold and diamonds. The CEPA is expected to facilitate greater market access for these goods by reducing tariffs, eliminating trade barriers, and encouraging investment in strategic industries.
Strengthening UAE-Africa Economic Relations
The UAE’s ongoing CEPA programme is central to its ambitious goal of increasing total non-oil trade to USD 1.1 trillion by 2031. The agreement with the Central African Republic is part of the UAE’s broader strategy to enhance trade with high-growth markets across Africa. The country’s total trade volume reached a record USD 816 billion in 2024, marking a 14.6% increase from 2023.
The newly signed CEPA is expected to significantly boost bilateral economic activities by:
- Reducing or eliminating tariffs on a wide range of goods and services.
- Facilitating trade through streamlined customs procedures and regulatory frameworks.
- Encouraging investment in infrastructure, agriculture, and technology sectors.
- Creating new business opportunities for enterprises in both countries.
Broader Bilateral Agreements
During the high-level meeting, the UAE and the Central African Republic also announced several additional agreements and memoranda of understanding. These cover investment protection and promotion, double taxation avoidance, infrastructure development, mineral resource exploration, and education collaboration, further strengthening the foundation for long-term cooperation.
Looking Ahead
With Africa emerging as a key player in the global economic landscape, the UAE continues to solidify its presence across the continent through strategic trade agreements and investment partnerships. The UAE-Central African Republic CEPA signifies a shared commitment to economic growth, sustainable development, and deeper bilateral relations, positioning both nations for a more prosperous future.
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