Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of International Commerce, met with the Australian Enterprise Council within the UAE to debate how the non-public sector can successfully leverage the alternatives of their Complete Financial Partnership Settlement (CEPA). The assembly underscores ongoing efforts to maximise the advantages of the CEPA signed in November final 12 months and additional improve collaboration between the 2 nations.
Throughout the assembly, Dr. Al Zeyoudi emphasised the importance of Australia as a key buying and selling companion, noting that the UAE’s non-oil international commerce with Australia exceeded US$4.2 billion in 2024. Within the first half of 2025, this determine elevated to US$3.03 billion, reflecting a major year-on-year enhance of 33.4%.
Al Zeyoudi reiterated the UAE’s dedication to strengthening financial ties with Australia, paving the best way for mutual progress and prosperity within the coming years. “The UAE is Australia’s main commerce and funding companion within the Center East and its twentieth largest companion globally,” Al Zeyoudi acknowledged. “As we speak’s discussions centered on how our non-public sectors can construct on our sturdy ties to completely leverage the CEPA and additional improve bilateral commerce and funding.”
“When the CEPA comes into power, we goal to create a variety of alternatives for our respective companies, buyers, and entrepreneurs,” Al Zeyoudi famous. “By eradicating or lowering tariffs, lifting obstacles to commerce, and enhancing market entry, we have now the potential to spice up our commerce threefold – from US$4.2 billion in 2024 to US$10 billion by 2032.”
The CEPA, which represents Australia’s first commerce settlement with a rustic within the Center East and North Africa area, is a vital addition to the UAE’s international commerce technique and international attain. With over 300 Australian companies working within the UAE throughout numerous sectors together with building, monetary providers, agriculture and schooling, the potential for progress is substantial.
The UAE has additionally signed an funding safety settlement and 5 memorandums of understanding accelerating capital stream into key sectors, together with renewable vitality, infrastructure, AI, mining, and agriculture. Australia exports a various array of merchandise to the UAE, akin to alumina, coal, metal, meat, dairy, and seafood.
The UAE’s CEPA programme is a key pillar of the nation’s progress technique, which targets US$1.1 trillion in whole non-oil commerce worth by 2031 and goals to surpass Doubling the worth of our exports to US$800 billion. To this point, agreements applied in this system span the Center East, Africa, Southeast Asia, South America, and Jap Europe and embody nearly 1 / 4 of the world’s inhabitants. The UAE-Australia CEPA is presently being ratified by each side.
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