{"id":79408,"date":"2024-07-01T00:00:00","date_gmt":"2024-07-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/01\/uae-georgia-launch-cepa-slashing-custom-duties-on-95-of-goods\/"},"modified":"2024-07-01T00:00:00","modified_gmt":"2024-07-01T00:00:00","slug":"uae-georgia-launch-cepa-slashing-custom-duties-on-95-of-goods","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/01\/uae-georgia-launch-cepa-slashing-custom-duties-on-95-of-goods\/","title":{"rendered":"UAE + Georgia launch CEPA, slashing custom duties on 95% of goods"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>The UAE and Georgia<\/strong><strong> have launched their Comprehensive Economic Partnership by removing or reducing <\/strong><strong>customs duties on 95% of goods<\/strong> to boost trade in sectors like tourism, real estate, and renewable energy, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b3uyx21-uae%E2%80%99s-comprehensive-economic-partnership-agreement\" style=\"\" rel=\"noopener\">Wam<\/a> reported last week. By 2031, bilateral trade could triple to USD 1.5 bn, adding USD 3.9 bn to the UAE's GDP and USD 291 mn to Georgia\u2019s. The UAE accounts for over 63% of Georgia\u2019s trade with the region, and bilateral non-oil trade rose by 6.3% y-o-y in 2023 to USD 511.2 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The UAE\u2019s State for Foreign Trade Minister Thani bin Ahmed al Zeyoudi and Georgia\u2019s Economic and Sustainable Development Minister Natia Turnava began talks on developing the CEPA back in 2021, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/details\/1395303007359\" style=\"\" rel=\"noopener\">Wam<\/a> reported.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Customs duties on 95% of goods will be slashed to boost trade in sectors like tourism, real estate, and renewable energy.<\/p>\n","protected":false},"author":1,"featured_media":79409,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[53],"tags":[52,32,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-diplomacy","tag-trade","tag-uae","wpautop","entry"],"acf":{"mongo_id":"053cda1c-2b91-4893-a704-5806463d8849","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1228.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE + Georgia launch CEPA, slashing custom duties on 95% of goods","related_issue":[79393],"teaser":"Customs duties on 95% of goods will be slashed to boost trade in sectors like tourism, real estate, and renewable energy.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.3cc1da6d-f2e7-4caa-b9c7-28e5ea025450.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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