Australia is pursuing its first Free Trade Agreement (FTA) with a Middle Eastern nation as it looks to bed down an FTA with the United Arab Emirates (UAE).
Trade ministers from both countries have released a joint statement outlining an intent to lock-in the FTA. Current two-way trade between Australia and the UAE is worth AU$6.8 billion (US$5 billion) and two-way investment at AU$16 billion (US$11.8 billion).
