Abu Dhabi:UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Romuald Wadagni, President of the Republic of Benin, have observed the exchange of the UAE-Benin Comprehensive Economic Partnership Agreement (CEPA). This agreement marks a new phase of trade and investment cooperation between the two nations.
According to Wam, the agreement aims to boost trade and investment flows, create collaboration opportunities between business communities, and enhance mutual economic growth. His Highness Sheikh Mohamed bin Zayed Al Nahyan described the agreement as a significant milestone in the relationship between the UAE and Benin, highlighting its role in fostering sustainable development and economic resilience.
The agreement was signed by His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, and His Excellency Olushegun Adjadi Bakari, Benin's Minister of Tourism and Foreign Trade, during an official ceremony in Abu Dhabi. The CEPA is expected to reduce or eliminate customs duties, remove trade barriers, and improve market access for service providers and investors upon completion of ratification procedures.
Bilateral non-oil trade between the UAE and Benin reached USD 2.15 billion in 2025, a 65% increase from 2024, demonstrating strong trade momentum. The CEPA is part of the UAE's strategy to enhance its global trade network and position as a trade, investment, and logistics hub.
Additionally, several memoranda of understanding and cooperation protocols were announced, covering areas such as political consultations, consular affairs, strategic investment partnerships, and workforce cooperation. These were exchanged by ministers and officials from both countries, further strengthening the bilateral relationship.