Core Points - The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and New Zealand has officially come into effect, marking the first trade agreement between New Zealand and a Middle Eastern country [2] - The agreement aims to eliminate or reduce tariffs on most goods, with New Zealand offering 100% tariff-free imports to the UAE, while the UAE provides tariff exemptions on 98.5% of New Zealand's goods [2] - The target is to increase bilateral trade to $5 billion by 2032, significantly exceeding the current average levels [2] - The agreement covers key sectors such as food, energy, education, and advanced technology, promoting private sector collaboration [2] - This achievement is part of the UAE's CEPA strategy, which aims to reach a total trade volume of $1 trillion and an economic size of $800 billion by 2031 [2]

Core Insights - The comprehensive economic partnership agreement (CEPA) between the UAE and Angola aims to enhance economic cooperation and expand ties with emerging markets in Africa [1] - The bilateral non-oil trade between the UAE and Angola is projected to reach $2.17 billion in 2024, reflecting a year-on-year growth of 2.6%, and has already reached $1.4 billion in the first half of 2025, marking a significant increase of 29.7% [1] - The agreement is a crucial step towards achieving the UAE's goal of a total foreign trade volume of 4 trillion dirhams by 2031, with expectations that non-oil trade will exceed $10 billion by 2033, contributing approximately $1 billion to each country's GDP and creating around 30,000 jobs [1] Trade and Economic Impact - Angola primarily exports diamonds and gold to the UAE, while the UAE's exports include light oil fractions, steel, machinery, and consumer goods [1] - The agreement will also enhance cooperation in various service sectors, including logistics, construction, healthcare, education, finance, and tourism [2] Implementation and Benefits - The agreement will take effect immediately after the approval process is completed, with benefits such as tariff reductions, simplified procedures, and improved market access expected to manifest quickly [3]

Core Insights - The UAE and Russia have signed a cooperation agreement covering strategic sectors such as finance, logistics, and energy, aimed at deepening economic ties with the Eurasian Economic Union (EAEU) [1] - The UAE's non-oil trade with Russia is projected to reach $11.5 billion in 2024, reflecting a nearly 5% increase from the previous year [1] - Trade volume between the UAE and Russia surged by 75% year-on-year in the first half of this year, indicating a significant expansion in overall economic relations [1] Trade Agreements - The recent agreement builds on the comprehensive economic partnership agreement (CEPA) signed last month between the UAE and the entire EAEU, which covers 95% of total trade volume and 85% of tariff items [1] - The EAEU region is prioritized by the UAE for trade expansion, with a population exceeding 200 million [1] - The bilateral trade volume is expected to grow by 27% in 2024, approaching $30 billion, demonstrating the UAE's commitment to global economic integration [1]