The UAE’s Comprehensive Economic Partnership Agreements (Cepa) with Turkey and Indonesia have come into force and will begin a new era of trade and investment co-operation with the rapidly growing emerging global economies. The trade pacts with both nations will “remove or reduce tariffs” on a range of goods and eliminate unnecessary barriers to trade, the Ministry of Economy said in a statement on Thursday. The agreement will also open new avenues of investment in the UAE’s priority sectors including logistics, energy, food production, FinTech and e-commerce, as well as the travel and...…The UAE’s Comprehensive Economic Partnership Agreements (Cepa) with Turkey and Indonesia have come into force and will begin a new era of trade and investment co-operation with the rapidly growing emerging global economies. The trade pacts with both nations will “remove or reduce tariffs” on a range of goods and eliminate unnecessary barriers to trade, the Ministry of Economy said in a statement on Thursday. The agreement will also open new avenues of investment in the UAE’s priority sectors including logistics, energy, food production, FinTech and e-commerce, as well as the travel and...WW…

Talk of de-dollarisation has gathered pace, as members of the Brics economic group meet this week in South Africa for a summit, but the US currency is unlikely to lose its crown as the world's international reserve currency. Members Brazil, Russia, India, China and South Africa are pushing to expand the bloc's membership at the August 22-24 annual leaders’ summit in Johannesburg. At least 23 countries are said to have expressed an interest in joining the group. Any new additions to Brics will be the first expansion since South Africa, the second largest economy in Africa, joined the group...…Talk of de-dollarisation has gathered pace, as members of the Brics economic group meet this week in South Africa for a summit, but the US currency is unlikely to lose its crown as the world's international reserve currency. Members Brazil, Russia, India, China and South Africa are pushing to expand the bloc's membership at the August 22-24 annual leaders’ summit in Johannesburg. At least 23 countries are said to have expressed an interest in joining the group. Any new additions to Brics will be the first expansion since South Africa, the second largest economy in Africa, joined the group...WW…