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UAE, EU Cut Tariffs to Boost Trade to Nearly $50 Billion by 2032

Summary by Khaleej Times
Non-oil trade between the UAE and the five-member Eurasian Economic Union reached $33.6 billion in 2025, with the agreement targeting nearly $50 billion annually by 2032

7 Articles

Customs duties will be drastically reduced

The Agreement provides for substantial trade liberalization: the UAE has granted preferential access to 86 per cent of the product range, which corresponds to 98 per cent of the EEC exports.

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The Economic Partnership Agreement between the Eurasian Economic Union and the United Arab Emirates entered into force and was communicated to ECE and was signed in June 2025; the Agreement provides for the liberalization of the trade regime: the UAE has granted preferential access to 86 per cent of the product range, which corresponds to 98 per cent of the EEC exports.

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1prime.ru broke the news on Monday, October 5, 2026.
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