Australia has finalized a significant free trade agreement (FTA) with the United Arab Emirates, which removes tariffs on about 99% of Australian products, projected to save A$135 million in the first year. This deal is crucial as the UAE is Australia's largest trade partner in the Middle East, with bilateral trade valued at A$9.9 billion. The FTA will enhance Australian exports by approximately A$678 million annually, particularly benefiting the red meat industry, which anticipates improved access to the UAE market. Trade Minister Don Farrell emphasized the agreement's importance for diversifying Australian exports and facilitating investments in critical minerals to support the country's renewable energy ambitions. The Australian Meat Industry Council welcomed the agreement, highlighting its potential to strengthen the red meat sector's competitiveness. The deal is expected to become effective later this year.