Free Trade Agreement With Uae

According to the Federal Customs Authority (FCA) of the United Arab Emirates, the United Arab Emirates has also signed agreements with the following countries: Islamic Republic of Pakistan (2006), Republic of Algeria (2007), Republic of Azerbaijan (2011), Republic of India (2012), Republic of Kazakhstan (2012), Republic of Argentina (2013), Republic of Armenia (2013), Republic of Maldives (2014), Republic of South Korea (2015) and Kingdom of the Netherlands (2015). In June 2009, the GCC signed a free trade agreement with ETFA (Iceland, Liechtenstein, Norway and Switzerland), which was implemented in July 2015. In addition, the UAE has signed free trade agreements with Singapore (on the CCGC Agreement with the Nation) and New Zealand and discussed the establishment of similar agreements with the European Union, Japan, Australia, South Korea, India, Brazil, China, Argentina, Pakistan, Paraguay, Turkey and Uruguay. It has also concluded several agreements on the protection and promotion of investments and the prevention of double taxation. The UAE is also a signatory to the World Trade Organization`s (WTO) Information Technology Agreement (ITA), a treaty that binds 78 countries (accounting for 97% of global trade in computer products) to remove tariffs on computer products. The many goods covered by the treaty are estimated at more than $1.3 trillion a year. The Government of Abu Dhabi has formed the Advisory Committee on Free Trade Agreements, the objective of which is to lift trade restrictions between the Emirate of Abu Dhabi and the countries with which the UAE is negotiating a free trade agreement. . . .

Comments are closed.