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Two legal firms have agreed to collaborate to provide end-to-end support to New Zealand businesses wanting to take advantage of the business opportunities presented by Expo 2020 Dubai.
UAE-based Banks Legal and New Zealand based Hudson Gavin Martin on Thursday announced a formal collaboration following the confirmation of New Zealand's participation at Dubai's Expo 2020.
As a combined resource for businesses present in, or interested in entering the UAE and wider MENA markets, Edwin Lim, partner at Hudson Gavin Martin, Nathan Banks, managing partner and Andrew Morris, partner at Banks Legal are offering their extensive experience advising businesses on how to operate in the UAE and wider MENA markets.
The New Zealand government has recently announced its commitment of over Dh141m (NZD53m) towards its participation at Expo 2020 Dubai to further promote trade in the region. The government's commitment reinforces the significant growth in trade between the two countries and the wider MENA markets, over the past decade. New Zealand is currently exporting approximately Dh1,997m (NZD750m) in goods and services to the UAE, now its 12th largest trading partner.
The announcement comes as the New Zealand government moves closer to concluding a Free Trade Agreement (FTA) with the Gulf Cooperation Council, of which the UAE is a member country. The FTA is anticipated to further improve trade ties and is estimated to deliver tariff savings of Dh240m (NZD90m) to New Zealand exporters.
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