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Global Shipping & Trade
Asia

UAE and Vietnam to finalise CEPA by year end

by Kalpana Pandey
August 9, 2024
in Asia, EXIM & International Trade, News
Reading Time: 1 min read
A A
Agreement e1676603488271

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The UAE is Vietnam’s largest export market and second-largest trading partner in the Middle East behind Kuwait. Bilateral trade between the two countries netted USD 3.2 billion in 1H 2024, up 43% y-o-y. Vietnam’s exports exceeded USD 2.8 billion while imports reached over USD 435 million.

Vietnam’s exports electronics, machinery, textiles, cars, and agricultural products like cashews, fruit, and rice. Imports from the UAE mainly include petroleum products, liquefied gas, animal feed, metals, and chemicals.

Tags: Comprehensive Economic Partnership Agreement (CEPA)UAEVietnam
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