Saturday, July 20, 2024

Govt to consult on NZ-UAE trade agreement

Trade Minister, Todd McClay, has launched public consultation for a trade agreement between New Zealand and the United Arab Emirates (UAE) following a meeting with UAE Trade Minister, Dr Thani bin Ahmed Al Zeyoudi (pictured), at the WTO Ministerial Conference in Abu Dhabi.

Mr McClay said he UAE is a top-20 export market for New Zealand, and our largest market in the Middle East, with exports increasing 17% in the last year.

“A Comprehensive Economic Partnership Agreement (CEPA) with the UAE could bring opportunities to enhance our bilateral cooperation, grow our trading relationship, and complement the broader NZ-GCC FTA, for which negotiations are ongoing,” he said.

“Exploratory discussions between our two teams are progressing well and a decision on launching negotiations will be taken later this year, informed by those discussions and public submissions.

“We are keen to hear from all interested New Zealanders, including businesses, NGOs, and members of the public.”

The United Arab Emirates is a valued bilateral partner and is an important regional hub for New Zealand operations to the Middle East and beyond, the Minister said.

For more information, including on how you can make a submission, please go to www.mfat.govt.nz/nzuaecepa.

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