UAE FTA to spur critical minerals investment

News Snapshot:

The country offered lucrative opportunities for Australian exporters of goods and services, especially agricultural and industrial products, which are subject to tariffs of up to 5 per cent. At the same time, the UAE, which exported $1.8 billion of goods to Australia in 2022, is especially keen to invest in Australia in clean energy technology. At last year’s COP28 UN climate summit, the UAE was the only Middle Eastern country to commit to net-zero emissions by 2050 and has a target of generating 100 gigawatts of renewable energy by 2030. The government believes doing an Australia-UAE deal that gives preferential...