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5/15/24, 9:22 AM UAE and New Zealand begin economic partnership negotiations to boost trade, investment
UAE and New Zealand begin economic partnership negotiations to boost trade, investment
In 2023 alone, the total trade volume between the UAE and New Zealand

reached an impressive $764.5 million

The CEPA with New Zealand is poised to make a significant contribution to the UAE's foreign trade network.
(Photo Credit: Dr. Thani bin Ahmed Al Zeyoudi's Twitter)

The UAE and New Zealand have signed a joint declaration of intent, signaling their
commitment to embark on negotiations for a Comprehensive Economic Partnership
Agreement (CEPA). The agreement aims to strengthen the trade and investment ties

between these two nations.
Dr. Thani bin Ahmed Al Zeyoudi, UAE minister of State for Foreign Trade, and Todd
McClay, New Zealand’s minister for Trade, signed the agreement.
In recent years, the non-oil trade between the UAE and New Zealand has experienced

remarkable growth. In 2023 alone, the total trade volume reached an impressive
$764.5 million, representing a significant increase of over 15 percent compared to
pre-pandemic levels in 2019.
The CEPA seeks to build upon this momentum by fostering greater economic

cooperation. Specifically, it aims to eliminate or reduce tariffs and trade barriers,
improve market access, and establish investment pathways.

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