FTAs and DTAAs of UAE

FTAs and DTAAs of UAE

A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them. Under a free trade policy, goods and services can be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange.

The UAE has signed GCC Free Trade Agreements with several countries and trade groups across the world to enhance its position as a global trade hub and major destination for investments. It also seeks to increase Emirati exports, improve competitiveness in foreign markets, regulate competition, reduce trade barriers facing national products, boost its investments abroad, and protect intellectual property rights. This also covers tariff barriers, trade services, investments, intellectual property rights, dispute settlement, investment in manufacturing sectors, and protection of property rights to prevent trafficking of counterfeit products. The UAE, within the GCC framework, has signed GCC Free Trade Agreements with many countries including New Zealand, Singapore, and EFTA countries.

 

S NO.

FTA OF UAE WITH OTHER COUNTRIES

1.

Free Trade Agreement between the Gulf Cooperation Council (GCC) and the European Free Trade Association (EFTA) States

2.

GCC-Singapore Free Trade Agreement (GSFTA)

3.

The Arab Framework Agreement of Liberalization of Trade in Services Among Arab Countries

4.

Agreement on the Establishment of Free Trade Area between the UAE Government and the Sudanese Government

5.

Agreement on the Establishment of Free Trade Area between the UAE Government and the Iraqi Government

6.

Agreement on the Establishment of Free Trade Area between the UAE Government and the Lebanese Government

7.

Agreement on the Establishment of Free Trade Area between the UAE Government and the Moroccan Government

8.

Agreement on the Malaysian Committee for Trade Cooperation

9.

Agreement to Facilitate and Develop Trade Among Arab Countries (by the Arab League)

10.

The Declaration of Greater Arab Free Trade Area (GAFTA) (In accordance with the Agreement for Facilitation and Promotion of Trade among Member Countries – the Arab League)

11.

Greater Arab Free Trade Area (GAFTA) Agreement

12.

Agreement on Trade in Services among the Arab Countries

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