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9/29/24, 5:46 PM UAE, New Zealand conclude CEPA negotiations - TAG91.1 - PINOY TALAGA!

UAE, NEW ZEALAND CONCLUDE CEPA

NEGOTIATIONS

News Home More from Business Thursday, 26 September 2024 09:26

By ARN News Staff

WAM
The UAE and New Zealand concluded negotiations for a Comprehensive Economic Partnership Agreement
(CEPA), it was announced on Thursday. The deal is expected to unlock economic opportunities for exporters

and boost supply chains with one of the latter's most important trading partners in the Middle East.

The trade deal will remove duties on 98.5 per cent of New Zealand's exports with that proportion expected to rise to
99 per cent within three years, New Zealand Trade Minister, Todd McClay, said in a statement.

"This will create new opportunities for New Zealand businesses in the dynamic UAE market, contributing to our
ambitious target of doubling exports by value in 10 years," McClay said.

After signing the joint statement the UAE Minister of State for Foreign Trade, Dr. Thani Al Zeyoudi stated, “New

Zealand is a long-standing partner of the UAE with an economy that, like ours, is underpinned by trade and global
connectivity. Our CEPA will serve as a catalyst not only for bilateral trade but for greater exchange between the UAE
and the high-growth Asia-Pacific region, underscoring the scope and ambition of our foreign-trade agenda.

He added, "The UAE is committed to expanding opportunity for our private sector by enhancing market access to key

economies, and with its well-developed agriculture and food-production sectors, New Zealand is a nation that holds
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