AgreementsBrief
UAE–DR Congo trade agreement enters force with tariff removal
Bilateral non-oil trade reached $3.5bn as agreement takes effect, removing tariffs on most goods.
The UAE–DR Congo trade agreement enters into force, removing tariffs on most goods traded between the two countries. The agreement takes effect after bilateral non-oil trade between the UAE and the Democratic Republic of Congo reached $3.5bn.
Tariff removal under bilateral agreement#
The agreement removes tariffs on most goods traded between the UAE and DR Congo. The tariff removal applies to bilateral trade flows in both directions. The agreement enters into force following the $3.5bn bilateral non-oil trade milestone between the two countries. The instrument covers goods trade and investment provisions between the UAE and the Democratic Republic of Congo.
Bilateral trade reaches $3.5bn threshold#
Bilateral non-oil trade between the UAE and DR Congo reached $3.5bn, meeting the threshold for the agreement to enter into force. The $3.5bn figure represents non-oil trade flows between the two countries. The milestone triggers the entry into force of the trade agreement between the UAE and the Democratic Republic of Congo. Trade between the two countries now proceeds under the terms of the bilateral agreement.
Investment provisions in force#
The agreement includes investment provisions alongside tariff removal. Investment terms between the UAE and DR Congo become operative under the agreement. Companies in both countries now operate under the bilateral trade and investment framework established by the agreement. The investment provisions form part of the bilateral instrument that enters into force.
Agreement implementation timeline#
The agreement enters into force after the $3.5bn bilateral trade milestone was reached. Implementation of tariff removal begins with the agreement's entry into force. Trade flows between the UAE and DR Congo now proceed under the terms of the bilateral instrument. The agreement governs trade and investment relations between the two countries going forward.
Sources1 source across 1 domain
- arabianbusiness.comArabian BusinessUAE–DR Congo trade agreement enters into force, removing tariffs on most goods after bilateral non-oil trade reached $3.5bn
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