UAE and Australia to hold Cepa talks

UAE and Australia to hold Cepa talks

The UAE and Australia have agreed to hold talks on a comprehensive economic partnership agreement. Once concluded, the Cepa would be Australia’s first with a country in the Middle East and Africa. The UAE is Australia’s biggest trade partner in the Middle East. Bilateral non-oil trade between Australia and the UAE was worth $4.5 billion […]

Australia’s first Cepa in Middle East

Trade worth $4.5bn in 2022

Earlier free trade talks stalled

The UAE and Australia have agreed to hold talks on a comprehensive economic partnership agreement. Once concluded, the Cepa would be Australia’s first with a country in the Middle East and Africa.

The UAE is Australia’s biggest trade partner in the Middle East.

Bilateral non-oil trade between Australia and the UAE was worth $4.5 billion in 2022, up 28 percent compared with 2021 and almost double the total in 2020. 

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Australia and the UAE commenced negotiations for a free trade agreement in 2005, which developed into negotiations for an Australia-GCC deal in 2007, but talks stalled in 2009.

Dr Thani bin Ahmed Al Zeyoudi, UAE minister of state for foreign