Tariffs Axed For Aussie Farmers Exporting To UAE

  • Wed, 13 November 2024

Tariffs Axed For Aussie Farmers Exporting To UAE


The signing of the Australia - United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA) paves the way for the elimination of tariffs on Australia's key agricultural exports to the United Arab Emirates (UAE) and solidifies both countries' intent to drive investment in the sector. This trade agreement builds on the Albanese Labor Government's trade wins for Australian farmers, creating new opportunities for exporters to diversify and expand their markets. The deal eliminates tariffs on over 99 per cent of Australia's exports to the UAE, including on key products like meat, dairy, grains and oilseeds, chickpeas, lentils, nuts, horticulture and honey. Australian farmers and producers will benefit from an estimated $50 million annually in tariff savings alone. Canola seeds are Australia's largest agriculture export to the UAE, topping $741 million in 2023; Australian exporters of these products will receive duty-free access from day one of the deal coming into force. The deal establishes modern, flexible and trade-facilitating outcomes with the UAE on rules of origin and commitments for customs procedures. These conditions, combined with the removal of tariffs, create commercially significant benefits for Australian exporters. Significantly, the deal contains Australia's first standalone chapter on sustainable agriculture and food systems.This recognises agriculture's essential role in ensuring food security and driving climate resilience, emissions reductions and other environmental outcomes. The trade and investment package includes an MOU for cooperation in Food and Agriculture investment.