The Emirates abolish customs duties on Australian imports

On September 17, the United Arab Emirates (UAE) and Australia signed a trade agreement aimed at boosting investment and bilateral trade between the countries. The agreement, the date of which was not disclosed, will enable Australia to export 99% of its products to the UAE duty-free. Ultimately, annual savings of US$160 million are expected. “Australia’s exports to the UAE are expected to increase by US$678 million annually,” said the UAE Foreign Minister.

To remember: Following the...