Trade
Australia, UAE Reach Trade Deal to Boost Exports, Investment
- Agreement to bolster access to minerals, agricultural products
- Trade accord is first deal under center-left Labor government
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Australia has reached a trade agreement with the United Arab Emirates that is expected to boost shipments of agricultural products and resources, as well as provide Abu Dhabi with greater access to investment in green energy and critical minerals.
Trade Minister Don Farrell announced the accord at a press conference in Canberra on Tuesday, marking the center-left Labor government’s first trade pact since coming to office in May 2022. The deal is expected to boost Australian exports by A$678 million ($458 million) annually, Farrell said.