Australia and the UAE have finalized a Comprehensive Economic Partnership Agreement (CEPA) that aims to boost bilateral trade and investment. The deal will eliminate tariffs on about 99 percent of Australian products, leading to significant savings and increased exports. The CEPA is Australia's first trade agreement with a country in the Middle East and North Africa region and is expected to enhance economic ties between the two nations. It will facilitate investment in key sectors such as renewable energy and critical minerals, supporting Australia's energy transition. The agreement is also expected to benefit Australian farmers and food producers, with estimated tariff savings for food and agriculture exports.