New Zealand, UAE reach terms for signing free-trade pact
The Comprehensive Economic Partnership Agreement will eliminate fees on as much as 99% of New Zealand's exports to the Gulf state
The skyline of Auckland, New Zealand (Getty Images)
New Zealand and the UAE have reached a free-trade agreement after four months of negotiations.
The Comprehensive Economic Partnership Agreement will eliminate duties on as much as 99% of New Zealand’s exports to the Gulf state, according to Trade Minister Todd McClay.
“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 in a statement issued on Thursday.
Trade between the two countries reached $814 million for the year ending June 2024, he said.