Australia has secured a free trade deal with the United Arab Emirates, resulting in cheaper household items and building materials. Australian farmers and businesses are expected to save millions of dollars annually on their exports and imports. Tariffs will be reduced on various products imported from the Middle East. The agreement also opens up opportunities for investment from the UAE in critical minerals and renewable energy sectors in Australia. The deal is set to be signed in the coming weeks and will need to be ratified by both countries before becoming law.