Ghana and the United Arab Emirates (UAE) have officially commenced the first round of negotiations toward a Comprehensive Economic Partnership Agreement (CEPA), marking a significant step in strengthening bilateral trade and investment relations between the two countries.

The negotiations, which began as part of efforts to deepen economic cooperation, are expected to expand beyond traditional trade arrangements to include investment, digital commerce, industrialisation, innovation, and broader sustainable economic development initiatives.

Speaking on behalf of the Government of Ghana, the Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, described the process as a “bold and strategic milestone” aligned with Ghana’s long-term economic transformation agenda.

She noted that the agreement is expected to support export diversification, industrial development, and the creation of sustainable jobs, particularly for youth and women entrepreneurs.

Hon. Ofosu-Adjare further highlighted Ghana’s strategic position as host of the African Continental Free Trade Area (AfCFTA) Secretariat, stressing the country’s ambition to become a continental hub for trade and investment.

On the UAE side, Minister for Foreign Trade, H.E. Dr. Thani Al Zeyoudi, reaffirmed his country’s commitment to strengthening economic relations with Ghana.

He urged negotiating teams to focus on key areas including legal and institutional frameworks, trade facilitation, rules of origin, and customs procedures as discussions progress over the three-day session.

The CEPA negotiations are expected to lay the foundation for stronger economic cooperation and expanded opportunities for businesses in both countries.