Dubai: Dubai Chamber of Commerce, part of the Dubai Chambers, has successfully organized a workshop in collaboration with the Ministry of Foreign Trade to examine the influence of Comprehensive Economic Partnership Agreements (CEPAs) signed by the UAE in enhancing the local services export sector.
According to Emirates News Agency, the session was attended by representatives of Business Groups under the chamber, focusing on the service industries. The workshop aimed to explore how CEPAs are generating commercial and investment opportunities for the private sector, broadening the global reach of the local services industry, and increasing the potential for service exports.
Participants gained insights into how various sectors can leverage CEPAs to support growth and international expansion of local companies engaged in services such as business services, communications, engineering and construction, distribution, environmental services, education, financial and insurance services, healthcare and social services, travel and tourism, and more.
The session delved into the provisions of the agreements and their role in reinforcing the UAE's status as a key gateway for exporting goods and services. Highlights included the advantages of CEPAs, such as improved international market access, reduction or elimination of customs duties, streamlined customs procedures, and the establishment of transparent regulations. The agreements also aim to promote fair competition and trade-based growth.
During her opening remarks, Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers, noted the commitment to supporting the private sector and raising awareness of key business environment aspects to enhance global competitiveness. She emphasized that CEPAs offer tangible benefits for the business community and that the session is part of ongoing cooperation with the Ministry of Foreign Trade to help the private sector capitalize on the opportunities presented by these agreements.
The Business Groups under Dubai Chamber of Commerce play a crucial role in fostering a competitive and enabling business environment. They advocate for the interests of key industries, contribute to the development of policies and legislation enhancing sectoral competitiveness, and support various sectors in achieving their strategic objectives. By promoting constructive engagement between the private sector and government stakeholders, these groups help shape a more agile and resilient business landscape, reinforcing the private sector's vital contribution to Dubai's economic development.