CEPA (Comprehensive Economic Partnership Agreement)

A Comprehensive Economic Partnership Agreement (CEPA) is a trade deal between countries that aims to enhance economic cooperation. It covers a wide range of issues, including tariff reductions, trade in goods and services, investment rules, and employment standards. The primary goal of a CEPA is to boost trade and investment flows by creating a more favorable business environment, reducing costs, and increasing market access. By doing so, it helps countries strengthen their economic ties, promote growth, and enhance competitiveness in the global market.