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9/29/24, 5:49 PM UAE and New Zealand Finalize Terms of Trade Agreement - Magazine
The UAE-New Zealand Comprehensive Economic Partnership Agreement marks a significant step in
strengthening economic ties between the two nations. This agreement has an influence on various
sectors, including agriculture, professional services, and education, by eliminating tariffs and creating

new opportunities for trade and investment. The CEPA also reflects a commitment to sustainable
development and inclusive economic growth, incorporating provisions on labor rights,

environmental protection, and indigenous trade.

Looking ahead, this partnership is poised to boost bilateral trade and foster closer regional ties. By

positioning the UAE as a crucial gateway for New Zealand companies into the wider Middle East and
North Africa region, the agreement opens up new avenues to expand market reach. What’s more,

the successful conclusion of this deal could speed up ongoing negotiations between New Zealand
and the Gulf Cooperation Council, potentially leading to even more significant trade opportunities in
the future.

FAQs

What advantages does the Comprehensive Economic Partnership Agreement (CEPA) offer to the
UAE?

The CEPA provides several benefits, including the elimination or reduction of customs duties and
tariffs, the removal of technical barriers to trade, enhanced market access for UAE exporters, and

accelerated investment into priority sectors.

Which countries are currently negotiating Free Trade Agreements (FTAs) with the UAE?

The UAE is in active negotiations for FTAs with various countries and trade groups, such as the
European Union, Japan, China, Korea, Australia, Pakistan, India, Turkey, and the Mercosur countries,
including Argentina, Brazil, Paraguay, and Uruguay.

Can you explain the significance of the Regional Comprehensive Economic Partnership (RCEP) for
New Zealand?

The RCEP is vital for New Zealand as it strengthens trade and economic ties within the Indo-Pacific
region, which is a crucial component of New Zealand’s Trade Recovery Strategy. This agreement is

designed to position New Zealand favorably for recovery from COVID-19 impacts and to capitalize
on new export and investment opportunities.

How many Comprehensive Economic Partnership Agreements (CEPAs) has the UAE signed?
Since signing its first CEPA with India in 2022, the UAE has successfully concluded and implemented

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