Page 194 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 1)

10/1/24, 2:43 PM Minister of State for Foreign Trade leads UAE Business delegation to New Zealand, Australia to expand trade relations - www.lokm…
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.

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