UAE to remove tariffs on frozen beef and lamb from New Zealand

Published 2024년 9월 30일

Tridge summary

The UAE is a significant market for New Zealand's red meat exports, being its 21st largest market in value and the second largest in the Gulf Cooperation Council after Saudi Arabia, with exports earning $47 million in 2023/24. The country's growing demand for high-quality, safe, sustainable, and nutritious products, especially halal meat, positions New Zealand well to meet its needs. Halal-certified exports, which accounted for 37% of total red meat exports and were worth $3 billion in 2023/24, are a key factor in this opportunity. This is of particular importance to New Zealand farmers, who face economic challenges, as the UAE's interest in food security and international trade, along with its emphasis on environmental sustainability, aligns with New Zealand's strong environmental credentials and the quality of its products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Nathan Guy, president of the Meat Industry Association, the UAE is New Zealand’s 21st largest market in terms of value, so there is huge potential for growth. “The UAE is an important market for New Zealand’s red meat sector, generating $47 million in export earnings in 2023/24, making it the second largest market in the Gulf Cooperation Council after Saudi Arabia. It is one of the richest economies in the world and there is growing market demand for the high-quality, safe, sustainable and nutritious products that New Zealand can offer.” Guy says that with a population that is more than 75% Muslim, the UAE is a key halal market that is increasingly looking for reliable sources of high-quality red meat that meets its strict halal expectations. “Halal-certified exports accounted for 37 per cent of total red meat exports and were worth an estimated $3 billion in 2023/24, so New Zealand is well positioned to meet the UAE’s red meat needs.” Kate Acland, president of Beef + ...

Source: Agromeat