Comprehensive Economic Partnership Agreement (CEPA)

A Comprehensive Economic Partnership Agreement (CEPA) is a formal deal between two or more countries that aims to boost economic ties. It typically reduces or removes tariffs (taxes on imports), encourages trade, attracts investment, and promotes cooperation across various sectors like services and technology. By easing trade barriers and creating mutually beneficial arrangements, CEPA helps countries expand markets, improve competitiveness, and foster economic growth, benefiting businesses and consumers alike.