Skip to main content

UAE and New Zealand Explore Economic Collaboration and CEPA Discussions

 


A delegation of top New Zealand trade officials recently visited the UAE, where discussions centered on strengthening economic ties between the two nations and exploring the possibility of entering into a Comprehensive Economic Partnership Agreement (CEPA). During the visit, Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, welcomed New Zealand's Minister of Trade and Export Growth, Damien O'Connor, reaffirming their shared vision to enhance collaboration in critical sectors like healthcare and agriculture. The UAE, accounting for 2.5% of New Zealand's foreign trade as of 2022, already enjoys strong trade relations with New Zealand, with non-oil trade reaching $805 million in the previous year, reflecting a 7% growth compared to 2021 and a 23% increase over the previous year. These discussions are expected to further boost this prosperous trade relationship.

Dr. Al Zeyoudi emphasized that a UAE-New Zealand CEPA would significantly enhance their already productive trade partnership. New Zealand recognizes the UAE as a valuable bilateral partner and one of its key export destinations. Both nations share a commitment to open and rules-based trade as a catalyst for sustainable economic growth. These exploratory discussions represent a pivotal step toward a potential trade agreement in the Middle East, solidifying the UAE's position as New Zealand's leading trading partner in the Arab World. The talks come in the wake of a recent visit to New Zealand by UAE Minister of State for International Cooperation, Reem bint Ibrahim Al Hashemy, which resulted in the signing of several bilateral agreements, including one on food security.

READ MORE: UAE & New Zealand exploring deeper economic collaboration

These ongoing discussions in Dubai underscore the UAE's commitment to building strategic alliances and reinforcing its position as a global trade partner. As preparations for the World Trade Organization's MC13 in Abu Dhabi in 2024 continue, the UAE remains dedicated to promoting sustainable economic growth and fostering international cooperation in trade and commerce.


Comments

Post a Comment

Popular posts from this blog

UAE and US issue joint statement on cooperation on artificial intelligence

  UAE President Sheikh Mohamed bin Zayed and US President Joe Biden met on Monday in the US during an official visit by the Emirati leader. This visit marks the fourth bilateral meeting between the two leaders during the Biden-Harris administration. During their discussions, Mohamed bin Zayed and Biden reaffirmed the strong UAE-US strategic and defense partnership, explored ways to enhance cooperation in advanced technology and investments, and addressed global and regional issues. Both leaders committed to pursuing further opportunities to strengthen their partnership, promote peace and stability in the Middle East and beyond, and provide global leadership on key shared issues. The UAE-US relationship, spanning five decades, is built on a solid foundation. Building on the vision of Mohamed bin Zayed and Biden to advance safe artificial intelligence, UAE national security advisor Sheikh Tahnoon bin Zayed and US national security advisor Jake Sullivan reaffirmed their countries' coo...
Post a Comment
Read more

Sheikh Khaled bin Mohamed’s official trip to India holds great importance for UAE-India bilateral relations

  His Highness Sheikh Khaled bin Mohamed is making his first official visit to India , accompanied by several UAE ministers and a business delegation. The visit marks a significant step in strengthening UAE-India bilateral relations. Upon his arrival on September 8, Sheikh Khaled was welcomed by India's Commerce and Industry Minister Piyush Goyal. His visit includes a comprehensive agenda, with discussions between Sheikh Khaled and Indian Prime Minister Narendra Modi focusing on key areas of bilateral cooperation. Additionally, Sheikh Khaled is scheduled to meet with Indian President Droupadi Murmu. The ongoing Israel-Hamas conflict may also be part of the dialogue, as reported by NDTV. On the second day, Sheikh Khaled is expected to participate in a business forum in Mumbai, attended by business leaders from both nations, further underscoring the growing trade and investment ties between the UAE and India. The UAE and India have a long-standing relationship, established in 1972, w...
Post a Comment
Read more

The UAE facilitated the largest prisoner exchange in history between Russia and Ukraine

 Ukraine and Russia have announced their first exchange of prisoners of war in nearly five months, with over 200 freed by each side after a complex negotiation involving mediation by the United Arab Emirates. Russia's Defence Ministry reported that 248 military personnel had been handed over by Ukraine, while Kyiv brought home 230 people, including 224 soldiers and six civilians, in the largest documented swap of troops so far. The UAE's foreign ministry acknowledged its role in the swap, stating that it was made possible by its "strong friendly relations" with both Moscow and Kyiv. A video released by Ukrainian authorities showed returning prisoners in their blue and yellow flags filing off a bus, singing the national anthem, and shouting the patriotic greeting "Glory to Ukraine." Most of the prisoners appeared to be in good health, with one returnee shouting "We are home! You didn't forget us!" The Russian Ministry of Defence also released a...
Post a Comment
Read more