Tariff elimination across all New Zealand wood products entering the UAE through the new NZ/UAE trade deal is welcomed by the wood processors and manufacturers association (WPMA). Source: Timberbiz
“Our hope is that the successful conclusion of the NZ/UAE Closer Economic Partnership Agreement (CEPA) will lead to an increase in NZ wood products entering the UAE,” said WPMA Chief Executive, Mark Ross.
“The UAE is in a transition period where they are favouring timber-based construction over concrete and steel, signalling a regional shift towards sustainability.
“Despite a limited number of timber buildings erected to date, UAE has experienced a threefold increase in imports of plywood and other timber products in the past year.”
From a New Zealand basis it currently exports around NZ$10 million in wood products to the UAE, with the main categories being sawn timber, sleepers, pulp and paper. Other wood products exported include wood for flooring, furniture and joinery.
It is acknowledged that New Zealand’s share of NZ$10 million is small when compared with the total UAE wood and wood product imports of NZ$267 billion in 2023. However, even a minor percentage growth in NZ exports to the UAE through the CEPA will assist in providing encouraging signals to our domestic wood processing industry.
“Wood provides multiple benefits to New Zealand, and it is positive to see the government backing our industry in removing unnecessary barriers and implementing new trade Agreements,” Mr Ross said.
“We thank Trade Minister, Todd McClay and his officials for their speedy completion of this trade deal.”
