{"id":99684,"date":"2025-01-15T00:00:00","date_gmt":"2025-01-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/the-uae-seals-a-slew-of-key-partnerships\/"},"modified":"2025-01-15T00:00:00","modified_gmt":"2025-01-15T00:00:00","slug":"the-uae-seals-a-slew-of-key-partnerships","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/01\/15\/the-uae-seals-a-slew-of-key-partnerships\/","title":{"rendered":"The UAE seals a slew of key partnerships"},"content":{"rendered":"

UAE and New Zealand ink economic partnership for near-total duty-free trade<\/strong>, Wam<\/a> reports. The agreement will see UAE imports granted 100% duty-free access to the New Zealand market and 98.5% of New Zealand\u2019s exports to the UAE will be duty-free, rising to 99% within three years.<\/p>\n

A first for New Zealand:<\/strong> The agreement is New Zealand\u2019s first trade agreement with a Middle Eastern nation and covers indigenous trade, sustainable development, women\u2019s economic empowerment, and transparency. The agreement is expected to boost trade between the two nations to USD 5 bn by 2032, tripling the five-year average trade of USD 1.5 bn from 2019-2023.<\/p>\n

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More partnership with Kenya ahead: <\/strong>President Sheikh Mohamed bin Zayed Al Nahyan inked a UAE-Kenya economic partnership agreement with Kenyan President William Ruto, aiming to deepen trade and investment ties, strengthen supply chains, and improve market access across the Middle East and Africa, Wam<\/a> reports. The agreement targets fostering innovation and sustainability in agriculture, retail, healthcare, financial services, technology, and tourism sectors, as well as accelerating investment in ICT, banking, tourism, infrastructure, and renewable energy.<\/p>\n

REMEMBER- <\/strong>The UAE is looking to double its economy to over USD 800 bn by 2030, with foreign trade playing a key role. UAE-Kenya non-oil trade reached USD 3.1 bn in 9M 2024, up 29.1% y-o-y.<\/p>\n

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UAE, Malaysia sign MoU on AI collaboration:<\/strong> The UAE and Malaysia inked an MoU to bolster joint investment in artificial intelligence, Wam<\/a> reports. The MoU focuses on using AI and advanced data analytics in community safety, national security, and operational efficiencies. It outlines areas of technical cooperation, including the development of AI-powered national security systems, the establishment of high-performance computing and security operations centers, enhanced customs tax collection, and improved operational efficiencies.<\/p>\n

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