Bilateral non-oil trade between Azerbaijan and the UAE increased 43% in 2024 compared to a year earlier.
The two countries signed a Comprehensive Economic Partnership Agreement (CEPA) this week during a state visit by Azerbaijan’s president, Ilham Aliyev, aiming to boost trade beyond the $2.4 billion reached last year.
The UAE now has 27 CEPA deals in place. These agreements — considered a notch below a free trade pact — align with the UAE’s goal of increasing non-oil trade to $1.1 trillion annually by 2031, a target Abu Dhabi expects to reach nearly four years ahead of schedule.
AD