{"id":81285,"date":"2024-09-26T00:00:00","date_gmt":"2024-09-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/09\/26\/uae-locks-in-a-trade-agreement-with-new-zealand\/"},"modified":"2024-09-26T00:00:00","modified_gmt":"2024-09-26T00:00:00","slug":"uae-locks-in-a-trade-agreement-with-new-zealand","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/09\/26\/uae-locks-in-a-trade-agreement-with-new-zealand\/","title":{"rendered":"UAE locks in a trade agreement with New Zealand"},"content":{"rendered":"

UAE + New Zealand finalize investment treaty: <\/strong>The UAE and New Zealand have reached a trade and economic agreement and finalized a bilateral investment treaty to boost export flows and investments between the two countries, according to a statement<\/a>. The agreement will see the UAE remove tariffs on 98.5% of imports from New Zealand, with that figure expected to rise to 99% within three years, as well as making \u201ccommitments\u201d that provide \u201cgreater certainty\u201d for New Zealand exporters, the statement said. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

By the numbers: <\/strong>Trade between the two countries came in at NZD 1.3 bn (USD 813.5 mn) in the year to June 2024, with the UAE mostly importing dairy and industrial products, and getting exports in the form of horticulture tourism. New Zealand imported NZD 152 mn of products and services from the UAE in the same period, including plastics, carpets, travel services and glass.<\/p>\n

Sectors expected to benefit: <\/strong>Professional services, education services, audio-visual and gaming sectors, engineering and environmental services will all benefit from the agreement, the statement said. The agreement also includes chapters on intellectual property, sustainable development, labor, sustainable agriculture, climate, and indigenous trade. <\/p>\n

This was fast: <\/strong>The two countries launched talks<\/a> for the trade agreement in May. <\/p>\n

And is the second trade agreement reached this month:<\/strong> The UAE also finalized a trade agreement<\/a> with Australia earlier this month. <\/p>\n

\n

IN OTHER DIPLO NEWS-<\/p>\n

UAE signs customs cooperation agreement with US:<\/strong> The UAE and US inked a customs cooperation agreement on the sidelines of UAE President Sheikh Mohamed bin Zayed Al Nahyan\u2019s visit to Washington, Wam<\/a> reports. The agreement \u2014 signed by Federal Authority for Identity, Citizenship, Customs and Port Security chairman Ali Mohammed Al Shamsi and US Customs and Border Protection Commissioner Troy Miller \u2014 aims to boost economic and trade ties, combat customs violations, and foster the exchange of expertise between the two nations.<\/p>\n","protected":false},"excerpt":{"rendered":"

The UAE also signed a customs cooperation agreement with the US<\/p>\n","protected":false},"author":1,"featured_media":81286,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[53],"tags":[52,32,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-diplomacy","tag-trade","tag-uae","wpautop","entry"],"acf":{"mongo_id":"0ede56a3-b7ce-4358-aaaa-721ecde32cf0","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/344.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE locks in a trade agreement with New Zealand","related_issue":[81274],"teaser":"The UAE also signed a customs cooperation agreement with the US","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.cb1245fe-74bd-4956-b1f5-b10d1dc2393b.mp3"},"yoast_head":"\nUAE locks in a trade agreement with New Zealand - 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