EU and UAE on Verge of Landmark Trade Deal

UAE and EU inch closer to major trade deal Dubai, UAE – May 29, 2025 – The UAE and the European Union are on the verge of a significant trade agreement, according to Maros Sefcovic, the European Commissioner for Trade. Sefcovic, speaking exclusively to The National, stated that the Comprehensive Economic Partnership Agreement is progressing smoothly and that the UAE is viewed as a reliable and crucial partner. The deal promises to lower trade barriers, stimulate investment, and generate employment across key economic sectors. "I am very optimistic about the scale what the FTA will bring to the investors, to the traders, because our economies are very, very complementary," Sefcovic said during the interview in Dubai. He further elaborated on the ambitious timeline, stating, "I hope that we can be done with the work before the end of the year." This accelerated timeline reflects the strong backing from both the President of the UAE and the President of the European Commission. This trade agreement signifies a strengthening of economic ties between the UAE and the EU, promising mutual benefits and economic growth for both regions. The swift progress underscores the commitment of both sides to forging a robust and mutually beneficial trade relationship.