Satisfaction in the New Zealand meat industry over a possible trade agreement with the United Arab Emirates

Published 2024년 5월 8일

Tridge summary

The UAE is already a major market for New Zealand's beef and lamb exports, importing $47 million worth of meat products annually. A free trade deal between the two countries is expected to further boost these exports, particularly high-value chilled beef. The UAE is one of the richest economies in the world and there is growing demand for high-quality, safe, sustainable, and nutritious products. Trade negotiations between New Zealand and the UAE for a Comprehensive Economic Partnership Agreement (CEPA) have recently commenced in Dubai.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

With the UAE already New Zealand's second-largest market in the Gulf Cooperation Council after Saudi Arabia, a free trade deal would further boost beef and lamb exports. New Zealand already exports $47 million worth of meat products to this market. High-value chilled beef is the most valuable export subcategory to the UAE, worth $31 million in 2023, making the UAE like New Zealand. fourth largest chilled meat market behind the United States, China and Japan. Meat Industry New Zealand says a comprehensive, high-quality deal would open up even more opportunities to increase trade between the two countries. MIA chief executive Sirma Karapeeva says existing exports to the UAE have been supported by New Zealand's reputation as a supplier of high-quality halal products and zero tariff on chilled beef and poultry products. lamb. Beef + Lamb New Zealand chief executive Sam McIvor said the UAE is among the richest economies in the world. “There is a growing demand in the market for ...
Source: Agromeat

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