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What will be New Zealand's trade balance with UAE by Q4 2024?
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Resolution / Starting Odds
Surplus greater than $500 million • 25%
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Deficit • 25%
New Zealand Trade and Enterprise (NZTE) trade balance reports
Story
New Zealand Finalizes Fastest Ever Trade Deal with UAE in Four Months
Sep 26, 2024, 12:30 AM
New Zealand has finalized a trade deal with the United Arab Emirates, marking New Zealand's fastest ever trade agreement after just four months of negotiation. The agreement will immediately eliminate tariffs on 98.5% of New Zealand's exports to the UAE, with this figure growing to 99% within three years. The deal is expected to unlock economic opportunities for exporters and boost supply chains with one of New Zealand's most important trading partners in the Middle East.
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