Mauritius and the UAE signed a Comprehensive Economic
Partnership Agreement (CEPA) on 22 July, which is aimed at
increasing bilateral trade, particularly in the financial,
logistics and services sectors. It is the UAE's first CEPA with
an African nation.
Under the agreement, Mauritius will remove 99% of tariffs on
imports from the UAE, while the UAE will eliminate 97% of its
tariffs. It is estimated to boost the UAE's GDP by 0.96%, while
adding more than 1% to the economy of Mauritius by 2030.
In 2023, two-way trade reached USD170.4 million, up 14.5%
compared to 2022. The UAE is currently the eighth-largest investor
in Mauritius, with USD13.2 billion invested in the country,
supporting projects in tourism, real estate, renewable energy and
technology.
