TL;DR: New Zealand’s red meat sector values the UAE as a key export market, aiming to enhance trade relations and support economic growth through a comprehensive trade agreement.
The UAE is emerging as a key player in New Zealand’s red meat industry, with exports valued at $47 million in 2023, positioning it just behind Saudi Arabia as the second-largest market in the Gulf Cooperation Council.
In the same year, the UAE was the fourth-largest buyer of New Zealand’s high-value chilled beef, accounting for $31 million in exports. This places it behind only the US, China, and Japan in this category.
Reputation and Tariff Advantages Enhance Trade
MIA Chief Executive Sirma Karapeeva points out that New Zealand’s exports benefit from the nation’s global reputation as a trusted supplier of quality halal products. Additionally, the absence of tariffs on chilled beef and lamb products has bolstered trade volumes.
Prospects of a Broad Trade Agreement
Karapeeva advocates for a comprehensive trade agreement that would lower tariffs on other exported goods such as frozen beef, lamb, and wool. This move is seen as crucial to doubling New Zealand’s export values within the next ten years, aligning with governmental goals.
Economic Gains from Trade
Sam McIvor, Chief Executive of Beef + Lamb New Zealand, recognizes the UAE as one of the richest global economies with a rising appetite for top-quality, reliable, and eco-friendly products. He credits the strategic approach of diversifying market access as essential to securing premium prices for all meat cuts, which supports the nation’s farmers.
“A robust trade agreement is vital,” McIvor noted. “It’s beneficial for all New Zealanders.”
