- Over recent years, the relationship between the UAE and Ukraine has gained significant momentum, developing into a robust partnership that bridges the two nations and their citizens. The United Arab Emirates ranks among Ukraine's leading trade partners in the Middle East, based on the substantial volume of goods and products exchanged.
- The strength of this partnership is evident in foreign trade statistics, which highlight thriving bilateral ties. In 2019, the total trade volume in goods and services reached approximately $1.065 billion, marking an increase from $959.6 million in 2018. Although the figure dipped slightly to $900.6 million in 2020, the overall trajectory remains optimistic.
- This upward progression can be partially attributed to key diplomatic efforts, including the visit of a UAE delegation led by Dr. Anwar Gargash, Minister of State for Foreign Affairs, in August 2018. The visit aligned with the third session of the UAE-Ukraine Joint Committee for Trade and Economic Cooperation held in Kyiv. Additionally, trade volumes are poised for further expansion following the Ukrainian President's visit to the UAE in February 2021, signaling strengthened economic collaboration between the two nations.
- The UAE–Ukraine Comprehensive Economic Partnership Agreement (CEPA), signed in February 2025, entered into force on 1 July 2026. It exempts 99% of Ukrainian imports of UAE goods and 97% of Ukrainian exports to the UAE from customs duties. It is expected to add USD 369 million to the UAE’s GDP and USD 874 million to Ukraine’s GDP by 2031. The agreement opens new opportunities for trade, investment and private-sector cooperation, particularly in infrastructure, heavy industry, aviation, aerospace and information technology.
