The comprehensive economic partnership agreement between the UAE and Australia is in force
Abu Dhabi on October 1 / WAM / The UAE and Australia announced the entry of the comprehensive economic partnership agreement between the two countries officially in effect today, in a way that paves the way for a new stage of economic cooperation, providing broader horizons for trade flows in goods and services, enhancing the role of the private sector, and stimulating investments across sectors of common concern.
The agreement, with the start of its implementation, aims to contribute to raising the value of non -oil intra -trade from $ 4.2 billion in 2024 to more than 10 billion dollars annually by 2032.
The value of intra -trade had continued its rising track during the first half of 2025, registering $ 3.03 billion, with an annual growth of 33.4%.
The agreement will contribute to strengthening this momentum by reducing the unnecessary barriers that hinder trade, facilitating the entry of markets to goods and services, and establishing a solid framework for investment and cooperation in a way that enhances opportunities in priority sectors.
His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of Foreign Trade, said that the start of the implementation of the comprehensive economic partnership agreement between the UAE and Australia is a pivotal step to deepen and enhance our economic partnership, which will lead to opening new paths for cooperation and growth.
He added that this agreement enhances our commercial relations, and opens horizons to attract new investments in major sectors that include renewable energy, infrastructure, food security and technology.
The UAE is the largest commercial partner of Australia in the Middle East, and is ranked 20th in the world.
This agreement represents the first trade agreement for Australia with a country in the Middle East and North Africa.
The volume of mutual investments is about 14 billion US dollars, while about 300 Australian companies operate in the UAE market within various sectors, reflecting a solid base for further growth in economic relations.
The comprehensive economic partnership agreements program is an essential pillar in the economic strategy of the UAE, which aims to raise the value of its non -oil trade to 4 trillion dirhams by 2031, and double the size of the economy to exceed 800 billion dollars during the same year.
The agreement between the UAE and Australia comes within 31 agreements that have been completed so far, which enhances commercial ties and expands the access of Emirati companies to major markets around the world.
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