DP World upbeat on trade prospects between the UAE and Türkiye
The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates (UAE) and Türkiye will unlock the massive economic potential of Türkiye, according to DP World.
Signed in March 2023, the agreement aims to increase trade between Türkiye and the UAE to the level of US$40bn in the next five years – which DP World expressed its confidence in it realising this goal.
Kris Adams, CEO of DP World Yarimca, said: “When the negotiations which underpinned the signing of the CEPA began, following an agreement to establish a joint economic committee to enhance bilateral trade and investment in 2019, Türkiye was the UAE’s 10th largest trading partner, with bilateral trade valued close to US$9bn.
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