EAEU-UAE Economic Partnership Agreement Reduces Tariffs Significantly

The Eurasian Economic Union and the United Arab Emirates have entered into an economic partnership agreement, effective October 6. This agreement grants preferential access to the UAE market for 86% of EAEU goods, reducing the average tariff from 5% to 0.6%. Exporters anticipate annual savings of up to $266 million, with projected trade turnover growth of $5-6 billion.

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