Page 255 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 1)

9/29/24, 5:49 PM bne IntelliNews - UAE, New Zealand finalise terms of economic partnership agreement
nations by reducing or removing tariffs, eliminating trade

barriers, and improving market access.

UAE Minister of State for Foreign Trade, Dr Thani Al

Zeyoudi, and New Zealand's Minister of Trade, Todd

McClay, signed a joint statement confirming the deal.

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."

McClay added, "This CEPA will enable New Zealand

exporters to participate in the UAE's growing and vibrant

economy. Our high-quality and safe agricultural goods,

our strong manufacturing sector and our innovative

services sector have a lot to offer to the UAE."

The agreement is part of the UAE's ongoing CEPA

programme, which has contributed to the country's

record non-oil trade in goods of AED1.395 trillion (USD

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