Page 184 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 1)

10/1/24, 2:42 PM Minister of state for foreign trade leads UAE business delegation to new Zealand, Australia to expand trade relations - Times of India

Dr. Al Zeyoudi stated: "The UAE and New Zealand share a strong commitment to building an innovative
and resilient trade relationship. Our growing ties create new avenues for businesses to collaborate,

particularly in sectors such as the green economy, supply chain management, food security and
advanced technology. We are greatly encouraged by the positive response to our visit, not least the
conclusion of terms on our proposed Comprehensive Economic Partnership Agreement, which will

elevate our relationship on all fronts."

Hon. Todd McClay, New Zealand's Trade Minister, commented: "We welcome this new phase in our

relationship with the UAE. The deepening trade ties between our nations provide a robust framework
for fostering growth and prosperity for both countries."

Dr Thani also visited Australia, where he held talks with Hon. Don Farrell, Australia's Minister for Trade
and Tourism. The ministers discussed the timelines for signing and implementing the CEPA between
their two nations, the negotiations for which concluded in earlier in September, and to begin the
process of aligning their respective customs departments.

Dr Thani also addressed a business roundtable in Melbourne, where private-sector representatives
reviewed sectors of maximum opportunity, including food security, renewable energy, mining, logistics

and tourism.

Strengthening relations with the broader Oceania region will support regional supply chain resilience

and promote sustainable development. The CEPAs with Australia and New Zealand will help the UAE
achieve its target of AED4 trillion (US $1.1 trillion) in non-oil trade by 2031.

Dr. Al Zeyoudi was accompanied by a UAE delegation that included Rashed Abdulkarim Al Blooshi,

Undersecretary of the Abu Dhabi Department of Economic Development; Ahmed Khalifa Al Qubaisi,
CEO of the Abu Dhabi Chamber of Commerce & Industry; as well as senior officers from Dubai
Chambers, Sharjah Chamber of Commerce & Industry, Etihad Airways and DP World alongside other

representatives from the UAE business entities and investors.

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