Page 180 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 1)
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10/1/24, 2:42 PM Minister of State for Foreign Trade leads UAE Business delegation to New Zealand, Australia to expand trade relations
visit to New Zealand and Australia, where he led a high-level UAE business
delegation to strengthen economic ties.
The visit culminated in the conclusion of negotiations for a Comprehensive
Economic Partnership Agreement (CEPA) between the UAE and New Zealand,
which will open important new avenues for trade and investment between the two
countries.
While in New Zealand, Dr. Al Zeyoudi held a number of meetings with senior
officials, including Hon. Todd McClay, Minister for Trade, and Hon. Nicola Willis,
Minister of Finance. The discussions focused on the economic ambitions of each
country and how greater collaboration can help achieve them. Dr. Al Zeyoudi and
Minister McClay also participated in a question-and-answer session with the
National Party in New Zealand's parliament in Wellington, highlighting both
nations' commitment to deepening political and economic ties and exploring new
private-sector opportunities in both countries.
This was followed by a business roundtable organised to facilitate direct
engagement between the UAE delegation and leading New Zealand businesses,
particularly in the agri-tech, renewable energy, technology and logistics sectors. The
UAE remains New Zealand's largest trading partner in the Middle East, with non-oil
trade reaching US$768 million in 2023, a 16 percent increase over pre-COVID-19
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