As part of the UAE’s strategy to deepen global trade relationships and diversify economic partnerships, the Comprehensive Economic Partnership Agreement (CEPA) with New Zealand has officially come into force. This landmark agreement marks a significant milestone in bilateral relations, offering expanded trade and investment opportunities between the two countries.

Signed in January 2025, the UAE–New Zealand CEPA provides a comprehensive framework to eliminate or reduce tariffs, streamline customs processes, and foster closer collaboration between the private sectors of both nations.

Notably, this is New Zealand’s first-ever trade agreement with a Middle Eastern country, underscoring the UAE’s strategic role as a gateway to regional markets.

The CEPA is expected to significantly boost bilateral trade. Annual trade volumes are projected to exceed $5 billion by 2032, up from an average of $1.5 billion between 2019 and 2023.

Under the agreement, New Zealand will provide 100% duty-free access to imports from the UAE, while the UAE will grant duty-free access to 98.5% of New Zealand exports.

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, said: “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.”

New Zealand’s Minister for Trade and Investment, Todd McClay, noted: “This agreement marks a transformative moment in New Zealand’s trade history… We look forward to deepening our partnership across sectors that matter most to our people—from food and energy to innovation and education.”

The CEPA aligns with the UAE’s broader economic agenda, supporting its goal of $1 trillion in trade and an $800 billion economy by 2031.