In a landmark development for global trade relations, Costa Rica and the United Arab Emirates (UAE) have signed,a Comprehensive Economic Partnership Agreement (CEPA), marking a historic milestone in their bilateral economic ties. This agreement, finalized with the exchange of instruments of ratification and will come into effect this Tuesday, April 1st, holds vast potential for both nations and the global economy at large.
The agreement is expected to unlock new opportunities in trade, investment, and innovation, particularly in strategic sectors such as digital services, renewable energy, tourism, and advanced manufacturing. These sectors will drive the diversification and long-term growth of both nations’ economies.
The CEPA prioritizes sectors where both Costa Rica and the UAE hold strong potential and shared ambitions. In digital services, the UAE’s thriving tech sector, combined with Costa Rica’s growing innovation ecosystem, creates a promising partnership. Both countries recognize the critical role of digital transformation and innovation in fuelling economic development.
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