Page 229 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 1)

9/29/24, 5:46 PM UAE, New Zealand CEPA deal to boost exports, investment
Meanwhile, the UAE and Australia signed a bilateral trade pact earlier in September. The deal is
projected to remove tariffs on about 99 per cent of Australian products, resulting in savings of

$91m (AUD135m) in the first year, rising to AUD160m per year once the agreement is fully

implemented.

The UAE has initiated a raft of bilateral trade, investment, and cooperation deals since 2021 to
bolster efforts to diversify income sources and economic sectors.

To date, the Gulf state has ratified five CEPAs with India, Israel, Indonesia, Türkiye, Cambodia,

and Georgia. It is also in negotiations with more markets of strategic importance at the regional
and global levels, including Congo-Brazzaville and Malaysia.

Read: UAE, Australia reach trade deal to boost exports, investment

https://gulfbusiness.com/uae-new-zealand-seal-trade-agreement/ 3/3