Dubai, UAE – The Comprehensive Economic Partnership Agreement between the UAE and Ukraine officially enters into force on July 1, 2026. This represents an important step towards strengthening economic relations between the two countries.
The agreement aims to create new opportunities for trade, investment and cooperation between the private sector on both sides. This strengthens the UAE’s relationship with an important European market and confirms its position as a global trade hub.
The agreement eliminates or reduces customs duties on a wide range of goods and services. This facilitates access to markets and enhances opportunities for global expansion.
strengthening cooperation
The agreement is expected to contribute to enhancing cooperation between the private sector and enabling companies and entrepreneurs in the two countries to expand their businesses internationally.
Under the agreement, 99% of Ukraine’s imports of UAE goods and 97% of Ukrainian exports to the UAE will be exempt from customs duties immediately.
According to feasibility studies, the agreement will add approximately $369 million to the UAE’s GDP. And $874 million to Ukraine’s GDP by 2031.
Stimulating non-oil trade
The agreement aims to revitalize non-oil trade between the two countries, which peaked at $904.4 million in 2021. This reflects the great potential for growth that this agreement can offer. Note that the value of intra-oil trade amounted to $346.8 million in 2025.
Dr. Thani bin Ahmed Al Zayoudi, Minister of Foreign Trade, said that the entry into force of the Comprehensive Economic Partnership Agreement between the UAE and Ukraine represents an important milestone in the process of extended friendly relations between the two countries. The agreement is designed to revitalize trade flows and open new horizons for investment. Strengthening cooperation in vital sectors to achieve the mutual interests of both countries.
The UAE continues to expand its global trade presence. This agreement represents an important addition to its strategy aimed at strengthening trade and investment relations with various countries around the world. The country has so far completed 37 agreements, 17 of which have entered into force.
