January 15, 2025
1 min read

New Zealand, UAE Seal FTA

New Zealand’s key exports to the UAE include dairy, industrial products, meat, horticultural products and travel services…reports Asian Lite News

New Zealand has signed a Free Trade Agreement (FTA) with the United Arab Emirates (UAE), one of New Zealand’s largest markets in the Middle East, which is the country’s first trade agreement in the Gulf region.

The trade pact and the accompanying investment treaty, known as the Comprehensive Economic Partnership Agreement (CEPA), was signed on Tuesday in Abu Dhabi, the UAE’s capital, Xinhua news agency reported.

New Zealand’s key exports to the UAE include dairy, industrial products, meat, horticultural products and travel services, according to the latest website update of the New Zealand Ministry of Foreign Affairs and Trade on Wednesday.

“The UAE’s dynamic and high-value market offers significant opportunities for export growth and diversification for New Zealand companies,” it said.

Two-way trade between New Zealand and the UAE is valued at 1.3 billion NZ dollars ($730 million) annually, which is set to grow when the CEPA comes into force later this year, said New Zealand Prime Minister Christopher Luxon.

The New Zealand government aims to double the value of its exports in 10 years, Luxon said, adding the CEPA secures preferential access for Kiwi primary sector exporters, and strengthens supply chains with a key partner in the Gulf region.

New Zealand Trade Minister Todd McClay said duties on 98.5 per cent of Kiwi exports to the UAE would be eliminated immediately upon the agreement’s entry into force, and the figure will rise to 99 per cent within three years.

New Zealand and the UAE concluded trade negotiations last September in just over four months, the fastest-ever free trade agreement negotiation reached between New Zealand and its trade partners.

ALSO READ: UAE SWAT Challenge 2025 to begin in Dubai 

Previous Story

India Shines at Heimtextil 2025

Next Story

Jaishankar, Tharman Discuss Strategic Ties

Latest from -Top News

India, UK boost ties for clean energy future

Discussions also explored new opportunities in energy storage, green data centres, and offshore wind, particularly benefiting small and medium enterprises (SMEs). India and the UK on Monday reaffirmed their commitment to a

PM Modi’s ‘Pariksha Pe Charcha’ Goes Global

The interactive session for students from classes 6 to 12 dealt with exam-related issues, tips, and stress and guided parents and teachers….reports Asian Lite News Thousands of students from Indian schools across

Modi Departs for Paris to Co-Chair AI Action Summit

During his visit, Modi will also engage in high-level talks with Macron, aiming to further strengthen the India-France strategic partnership. Prime Minister Narendra Modi has departed for Paris, where he will co-chair

Bangladesh’s Devil Hunt Nets 1,300

The Muhammad Yunus-led interim government ordered ‘Operation Devil Hunt’ on Saturday after the attack on students and civilians in the Gazipur district on Friday night…reports Asian Lite News Bangladesh’s security forces have
Go toTop

Don't Miss

INS Shardul concludes port visit in Dubai

The visit marked a significant step in bolstering maritime cooperation

UAE launches report on sustainable development beyond 2030

Abdulla Nasser Lootah, Deputy Minister of Cabinet Affairs for Competitiveness