Comprehensive Economic Partnership Agreement

A Comprehensive Economic Partnership Agreement (CEPA) is a formal deal between countries that aims to promote economic growth by reducing barriers to trade and investment. It covers multiple areas like tariffs, services, investments, and intellectual property, fostering easier and deeper economic cooperation. Unlike traditional trade agreements that focus mainly on goods, CEPAs also include services and other economic sectors. The goal is to boost overall economic ties, create jobs, and improve access to markets for businesses, ultimately leading to stronger, mutually beneficial economic relationships between the participating countries.