Turkey and the United Arab Emirates (UAE) have officially launched talks on a Comprehensive Economic Partnership Agreement (CEPA), which is expected to significantly lift their trade, officials said on Tuesday.
The announcement comes as the two countries seek to build economic bridges after a yearslong rift.
The agreement will enable Turkey and the UAE to develop their commercial and economic relations more comprehensively and deeply, Trade Minister Mehmet Muş told a joint press meeting with Emirati Minister of State for Foreign Trade Thani al-Zeyoudi.
The UAE is seeking broad free trade agreements, known as CEPAs, with several countries and has signed such pacts this year with India and Israel.
The agreement looks to remove trade barriers and promote the free movement of goods by cutting tariffs.
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