Page 232 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 1)

9/29/24, 5:46 PM UAE and New Zealand Finalize CEPA to Boost Trade and Investment
The UAE’s CEPA program remains central to its foreign trade strategy, contributing to the

country’s record non-oil trade of AED 1.395 trillion in H1 2024, an 11.2% increase from the

same period in 2023. Additionally, bilateral non-oil trade between the UAE and New

Zealand totaled US$460.3 million in H1 2024, up 11.5% from the previous year.

The CEPA is expected to boost investment, with UAE’s investments in New Zealand

already exceeding US$170.2 million and New Zealand’s foreign direct investment in the

UAE reaching US$74.2 million.

News Source: Emirates News Agency

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