Opened the debate
McAllister moved the second reading of the bills, which amend the Customs Act 1901 and the Customs Tariff Act 1995 to implement the free trade agreement. McAllister noted that the UAE is Australia's largest trade partner in the Middle East, with two-way trade reaching $23.7 billion in 2024. McAllister stated the agreement would remove duties on more than 99 per cent of Australian exports by value, generating estimated savings of up to $160 million annually. McAllister explained that the legislation establishes rules of origin and preferential duty rates, including free rates for most goods, while maintaining excise-equivalent duties on certain fuel and tobacco products. McAllister commended the bills following the Joint Standing Committee on Treaties' recommendation for ratification.