The UAE and Australia are on observe to considerably broaden commerce relations, with the UAE-Australia Complete Financial Partnership Settlement (CEPA) anticipated to spice up bilateral commerce to $10bn by 2032, in line with Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for International Commerce.
Throughout a gathering with Australian officers, Dr. Al Zeyoudi highlighted that the United Arab Emirates’ non-oil international commerce with Australia exceeded $4.2bn in 2024.
Within the first half of 2025, the determine reached $3.03bn, reflecting a 33.4 per cent year-on-year improve.
UAE-Australia commerce
Dr. Al Zeyoudi mentioned: “The UAE is Australia’s main commerce and funding companion within the Center East and its twentieth largest companion globally. Right this moment’s discussions centered on how our personal sectors can construct on our robust ties to completely leverage the CEPA and additional improve bilateral commerce and funding.
“When the CEPA comes into drive, we goal to create a variety of alternatives for our respective companies, traders, and entrepreneurs.
“By eradicating or lowering tariffs, lifting boundaries to commerce, and enhancing market entry, we have now the potential to spice up our commerce threefold – from $4.2bn in 2024 to $10bn by 2032.”
The settlement, Australia’s first with a rustic within the Center East and North Africa, is a key addition to the UAE’s international commerce technique, which targets $1.1tn in whole non-oil commerce by 2031.
At the moment, greater than 300 Australian companies function within the United Arab Emirates throughout sectors together with building, monetary providers, agriculture, and schooling. Australia exports alumina, coal, metal, meat, dairy, and seafood to the UAE.
The United Arab Emirates has additionally signed an funding safety settlement and 5 memorandums of understanding to speed up capital movement into renewable vitality, infrastructure, AI, mining, and agriculture.
The UAE’s CEPA programme spans the Middle East, Africa, Southeast Asia, South America, and Eastern Europe, protecting almost 1 / 4 of the world’s inhabitants. The United Arab Emirates-Australia CEPA is at present within the ratification part.
