UAE FTA to spur critical minerals investment

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A free trade deal with the United Arab Emirates will include the gulf state tapping its sovereign wealth fund to invest in the extraction and processing of Australian critical minerals, Labor says.

will include the gulf state tapping its sovereign wealth fund to invest in the extraction and processing of Australian critical minerals, the Albanese government says.

The UAE needs to import just about everything and is already Australia’s largest trade partner in the Middle East.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.

The government believes doing an Australia-UAE deal that gives preferential access to Australian critical minerals may give the Europeans pause for thought. The sanctions are the last of the $22 billion in trade bans imposed when the China-Australia relationship reached its nadir during the Turnbull-Morrison governments.Senator Farrell is also likely to raise the plight of jailed Australian citizen and democracy advocate Yang Hengjun who was handed a suspended death sentence in China earlier this month. This week, Dr Yang

 

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