The UAE and Australia have signed a Comprehensive Economic Partnership Agreement (CEPA), marking a significant step in strengthening economic ties between the two countries. The agreement is designed to boost trade in goods and services, foster private sector collaboration, and expand investment opportunities across multiple sectors.
With the CEPA now ratified and in force, bilateral trade is projected to rise sharply, from $4.2bn in 2024 to more than $10bn by 2032.
The agreement is expected to accelerate this growth by reducing trade barriers, improving market access, and establishing a structured framework for investment.
Gulf Economist Staff Writer