The Australian Chamber of Commerce and Industry (ACCI) congratulates the Australian Government on securing a free trade agreement with the United Arab Emirates (UAE).

ACCI chief executive officer, Andrew McKellar said this is a watershed moment for Australia’s engagement with the Middle East and in advancing Australia’s trade diversification agenda.

“We congratulate the Australian Government on delivering an agreement with trade and investment at its core.

“At a time where economic growth is needed, opening new opportunities to expand trade and investment linkages with the UAE is positive for Australian business.

“The UAE is an important regional and global hub for transport and logistics, the services sector and goods trade. It ranks in the top 20 partners for Australia in both imports and exports.

“The UAE also promises to be an important investment partner as we develop our resources, with all the jobs that entails for Australians and the net zero transition.

“Last year’s ACCI National Trade Survey has showed that expanding ties with the UAE is a priority for Australian traders.

“It’s great to see the government heed the call and do what’s right for the Australian economy,” said Mr McKellar.