This is a great outcome for both countries! For example, canola seeds are Australia’s largest agriculture export to the UAE, topping $741 million in 2023. Australian exporters of these products will receive duty-free access from day one of the deal coming into force.
Great news for Aussie exporters to the UAE: Today, the Australian Government signed a free trade agreement (FTA) with the United Arab Emirates, known as the Australia – UAE Comprehensive Economic Partnership Agreement. The agreement will greatly benefit Australian farmers and agricultural producers, who will have better access to the UAE’s growing market for premium food and agricultural products. Tariff savings alone are estimated to be worth over $50 million annually to Australian agriculture and food exporters. The agreement removes tariffs on over 99% of Australia’s exports, including: - meat - dairy - grains and oilseeds - pulses - horticulture - honey. It also includes reduced tariffs on wine. This is Australia’s first FTA to include a chapter on sustainable agriculture and food systems. This will help to support sustainable agriculture policies and practices in Australia and overseas. Learn more here: https://brnw.ch/21wOp6r Australian Department of Foreign Affairs and Trade