• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 30
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Vietnam-UAE’s CEPA: A Strategic Gateway Between ASEAN and the Gulf
Finance

Vietnam-UAE’s CEPA: A Strategic Gateway Between ASEAN and the Gulf

December 10, 2024No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Vietnam Signs Comprehensive Economic Partnership Agreement With UAE
Share
Facebook Twitter LinkedIn Pinterest Email

In a period of shifting global dynamics, the signing of the comprehensive economic partnership agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) on October 28, 2024, signals both nations’ intent to deepen their partnerships beyond traditional alliances.

For Vietnam, the UAE represents a pathway to diversifying trade partners and enhancing economic resilience by establishing ties with a region it has not traditionally engaged deeply. Meanwhile, the UAE is keen to build a strategic bridge into fast-growing Southeast Asian markets, aligning with its broader vision to strengthen its global trade and logistics network. This agreement has tremendous potential as it opens up a gateway for market access not only between both countries but the entire region. However, to be able to achieve that, there are many practical challenges to overcome. 

UAE’s venture into the Southeast Asian market is a significant step to expand its reach internationally. The Gulf state signed a CEPA with Indonesia in 2020, which subsequently attracted approximately $10 billion in Emirati investments in logistics and energy. An agreement with Cambodia followed swiftly after, coming into force earlier this year. This new agreement with Vietnam thus signals a growing partnership between the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC), encouraging connectivity between these two regions. 

With Vietnam, Cambodia and Indonesia formalizing economic ties with the UAE, the foundation is emerging for a broader ASEAN-GCC relationship that reflects a shift toward South-South cooperation. Medium-sized countries like Vietnam and the UAE are forging mutually beneficial partnerships, setting a precedent for similar agreements that reduce dependency on major powers and foster a more multipolar diplomatic landscape.

See also  Stocks making the biggest moves midday: APP, RBLX, TPR, BABA

Although economically significant, the Vietnam-UAE relationship has thus far been modest. The trade volume between the two countries is around $6 billion, far lower than Vietnam’s trade with traditional partners such as South Korea ($100 billion) and Japan ($50 billion). The new agreement aims to unlock economic potential across two primary pathways: expanding the trade of Vietnamese goods into the UAE and the broader GCC region, and encouraging UAE investment into Vietnam’s growth sectors such as infrastructure, renewable energy, and technology.

With the UAE’s small domestic market of 10 million, this agreement is less about local consumption than about positioning the UAE as a re-export hub for Vietnamese goods across the wider GCC. Key Vietnamese exports – including agricultural products, seafood, textiles, and consumer electronics – stand to benefit from the UAE’s strategic position as a transit point to the GCC’s combined population of 54 million. For instance, seafood tariffs, previously ranging from 5 percent to 15 percent, are expected to reduce substantially, boosting competitiveness for Vietnamese exporters. Currently, Vietnamese agricultural products account for around 4 percent of the UAE’s agricultural imports, but with improved access and reduced tariffs, this share could rise significantly, potentially positioning Vietnam as a top-five supplier to the UAE in agriculture.

Beyond trade, the CEPA is intended to facilitate UAE investment in Vietnam’s infrastructure, technology, and renewable energy. In alignment with the UAE’s Vision 2030, which directs billions toward foreign direct investment (FDI) across Asia, the UAE’s commitment to joint ventures in ASEAN countries is evident, particularly in Indonesia, where Emirati investment in infrastructure has already exceeded $3 billion. This collaborative model can serve as a blueprint for similar UAE projects in Vietnam, where capital investment can further strengthen Vietnam’s manufacturing and logistics sectors. Vietnamese infrastructure, energy, and digital innovation hold particular interest for Emirati investors seeking new opportunities for growth.

See also  Patriotic Pride Month #stolzmonat Takes Over Twitter - The Inclusive Pride Month for Everyone! | The Gateway Pundit

While this agreement opens significant new avenues for collaboration, both nations will need to address practical challenges to fully realize its potential. Vietnamese exporters face high shipping costs and complex regulatory requirements in the UAE, where branding and consumer recognition of Vietnamese products are still relatively low. Compliance with halal standards, crucial for access to the UAE’s Muslim-majority market, may also pose obstacles for smaller Vietnamese firms new to the sector.

For UAE investors, Vietnam offers substantial long-term potential, but understanding and adapting to Vietnam’s regulatory landscape will require careful navigation. Success will depend on coordinated efforts from both governments to facilitate business exchange and compliance support. Joint initiatives for customs simplification, regulatory training, and trade education can help overcome entry barriers, ensuring that businesses from both countries maximize the CEPA’s benefits.

The Vietnam-UAE partnership can bring about tremendous potential benefits for Vietnam, and at the same time, it is a step toward UAE’s strategic roadmap of growth domestically and internationally. With existing agreements with Indonesia and Cambodia, as well as the scope of negotiations finalized with the Philippines, the UAE’s presence in ASEAN is set to grow further.

ASEAN CEPA Gateway Gulf Strategic VietnamUAEs
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

April 17, 2025

How China’s Companies Are Responding to the US Trade War

April 16, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

‘Barbie’ movie revives interest in doll collectors’ market

July 23, 2023

How to Stay Positive: 19 Smart Habits

May 18, 2023

Foxconn sticks to strong end-of-year sales outlook

November 6, 2023

Alabama Gov. Kay Ivey Corrects ESPN Reporting on Law Banning Men in Women Sports

June 3, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Chris Rowley’s Journey from West Point to the Toronto Blue Jays to Law School

May 10, 2023

‘Barbie’ Star Kate McKinnon Says Movie Sends Powerful Message ‘About Gender Roles’

June 29, 2023

Project Veritas leader removed – POLITICO

February 20, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.