Page 226 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 1)

9/29/24, 5:46 PM UAE, New Zealand finalise terms of CEPA
It will further strengthen economic ties that have witnessed consistent growth in recent years, with
bilateral non-oil trade totaling US$460.3 million in the first half of 2024 – 11.5 percent more than the
same period in 2023. Today, the UAE is New Zealand’s largest trading partner in the Middle East,
accounting for 50 percent of its trade with the MENA region, and the tenth largest globally.

In addition to increased bilateral trade flows, the CEPA is also projected to increase investment between
the two countries, creating opportunities for collaboration across a number of priority sectors. The UAE’s
investments in New Zealand totaled more than US$170.2 million in 2021, while FDI from New Zealand to
the UAE rose to $74.2 million, with the UAE’s economic stability, low taxes and robust legal framework

making it an attractive destination for New Zealand’s investment community.

RELATED TOPICS
ECONOMY UAE NEW ZEALAND TRADE

https://www.zawya.com/en/economy/gcc/uae-new-zealand-finalise-terms-of-cepa-t14ltzcy 3/3