UAE-New Zealand CEPA comes into force, set to strengthen trade

The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates and New Zealand has officially come into force, marking a significant advancement in trade and investment relations between the two nations.

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The landmark agreement, signed in January 2025, creates a robust framework for increased economic cooperation across various sectors.

The CEPA is expected to boost annual bilateral trade to more than $5 billion by 2032, a substantial increase from the current average of $1.5 billion recorded from 2019 to 2023. The agreement will eliminate or reduce tariffs, facilitate smoother customs procedures, and promote greater private sector collaboration. The CEPA represents New Zealand's first trade agreement with a Middle Eastern nation, signifying a crucial step in enhancing economic ties with the region.

Dr Thani Bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, stated, “The ratification of the UAE-New Zealand CEPA marks a historic milestone in our economic partnership, fostering innovation and sustainable growth for mutual benefit. This agreement not only enhances our trade relations but also opens new avenues for investment and private sector collaboration in key sectors such as food production, education, renewable energy, and advanced technologies.”