dubai [UAE]September 28 (ANI/WAM): Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, will lead a high-level UAE business delegation to New Zealand and Australia to strengthen economic ties. The visit was completed successfully.
The visit culminated in the conclusion of the Comprehensive Economic Partnership Agreement (CEPA) negotiations between the UAE and New Zealand, which will open important new avenues for trade and investment between the two countries.
During his stay in New Zealand, Dr Al Zeyoudi held a number of meetings with senior officials, including Prime Minister Al Zeyoudi. Minister of Trade Todd McCrae and His Excellency. Minister of Finance Nicola Willis. Discussions focused on each country’s economic ambitions and how closer cooperation can help achieve them. Dr Al Zeyoudi and Minister McCrae also participated in a Q&A with the New Zealand Parliamentary People’s Party in Wellington, highlighting their countries’ commitment to deepening political and economic ties and exploring new private sector opportunities in both countries.
This was followed by a business roundtable organized to facilitate direct engagement between the UAE delegation and New Zealand’s leading companies, particularly in the agritech, renewable energy, technology and logistics sectors. The UAE remains New Zealand’s largest trading partner in the Middle East, with non-oil trade reaching US$768 million in 2023, an increase of 16% compared to pre-COVID-19 levels in 2019. This positive trend continued in the first half of 2024. Trade volume reached USD 460.3 million, an increase of 11.5 percent year-on-year. Expanding bilateral trade relations is expected to create new opportunities in various sectors.
Dr Al Zeyoudi said: “The UAE and New Zealand share a strong commitment to building an innovative and resilient trade relationship. The growing ties between our two countries will enable us to expand our ties, particularly in the green economy, supply chain management, food and more. This will create new avenues for companies to collaborate in the following areas.” We are very encouraged by the positive response to our visit, especially the conclusion of the terms of our proposed Comprehensive Economic Partnership Agreement, which will improve our relations in all aspects. Masu. โ
My lord. New Zealand Trade Minister Todd McRae said: “We welcome this new phase in our relationship with the UAE. The deepening trade relationship between our two countries provides a strong framework to foster growth and prosperity for both countries.” commented.
Dr. Turney also visited Australia and met with the country’s Prime Minister. Don Farrell, Australian Minister for Trade and Tourism; Ministers discussed the timeline for the signing and implementation of CEPA between the two countries, with negotiations scheduled to conclude in early September and begin the process of coordinating their respective customs departments.
Dr Thani also spoke at the Business Roundtable in Melbourne, where private sector representatives looked at areas where they see the greatest opportunities, including food security, renewable energy, mining, logistics and tourism.
By strengthening our relationships with the wider Oceania region, we support the resilience of regional supply chains and promote sustainable development. CEPAs with Australia and New Zealand will help the UAE reach its target of Dh4 trillion (US$1.1 trillion) in non-oil trade by 2031.
Dr Al Zeyoudi was accompanied by a UAE delegation, including Rashed Abdulkarim Al Bourushi, Undersecretary of Abu Dhabi’s Ministry of Economic Development. Mr. Ahmed Khalifa Al Qubaisi, CEO of Abu Dhabi Chamber of Commerce and Industry. Senior executives from Dubai Chamber of Commerce and Industry, Sharjah Chamber of Commerce and Industry, Etihad Airways and DP World were also in attendance, as well as representatives from UAE business entities and investors. (Ani/Wham)
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