New Zealand’s trade deal with the UAE could unlock Middle East
New Zealand and the United Arab Emirates (UAE) are moving closer together – at record pace. Just a year after agreeing to enter initial talks, Wellington and Abu Dhabi have concluded negotiations on a Comprehensive Economic Partnership Agreement (or CEPA for short). The deal will go down as one of New Zealand’s fastest trade negotiations. It is arguably the biggest breakthrough for New Zealand’s relations with the Middle East since negotiations began in 2006 on a wider free trade agreement (FTA) with the six-country Gulf Cooperation Council (GCC). The CEPA is not a substitute for the wider deal with the...