Subsector : -
Obligations Concerned : National Treatment, Most-Favoured-Nation Treatment, Performance Requirements, Senior Management and Boards of Directors
Description : Australia reserves the right to adopt or maintain any measure with respect to marketing boards or similar arrangements.
Existing Measures : -
10. Sector : All Sectors
Subsector : -
Obligations Concerned : Most-Favoured-Nation Treatment
Description : Australia reserves the right to adopt or maintain any measure that accords more favourable treatment to any investor under any bilateral or multilateral international agreement in force or signed prior to the date of entry into force of this Agreement. (23)
Australia reserves the right to adopt or maintain any measure that accords more favourable treatment to any investor taken as part of a process of economic integration or trade liberalisation between the parties to the Australia New Zealand Closer Economic Relations Trade Agreement done at Canberra on 28 March 1983 (ANZCERTA). (24)
Australia reserves the right to adopt or maintain any measure that accords more favourable treatment to any investor of a Pacific Islands Forum member state under any international agreement in force or signed after the date of entry into force of this Agreement. Australia reserves the right to adopt or maintain any measure that accords more favourable treatment to any investor under any bilateral or multilateral international agreement in force or signed after the date of entry into force of this Agreement involving:
(a) aviation;
(b) fisheries; or
(c) maritime matters, including salvage.
Existing Measures : -
11. Sector : Financial Services
Subsector : -
Obligations Concerned : National Treatment
Description : Australia reserves the right to adopt or maintain any measure with respect to the guarantee by government of government-owned entities whose operations include the provision of financial services, including guarantees related to the privatisation of such entities.
Existing Measures : -
12. Sector : Financial Services
Subsector : -
Obligations Concerned : National Treatment, Most-Favoured-Nation Treatment
Description : Australia reserves the right to adopt or maintain any measure regarding solicitation in its territory.
Existing Measures : -
13. Sector : Financial Services
Subsector : -
Obligations Concerned : Performance Requirements
Description : Australia reserves the right to adopt or maintain any measure with respect to financial services.
Existing Measures : -
Attachments
Investment Memorandum of Understanding between The Government of the United Arab Emirates and The Government of Australia on Investment Cooperation in Data Centres and AI Projects
The Government of the United Arab Emirates, represented by the Ministry of Investment (“the UAE”), and the Government of Australia, represented by the Department of Foreign Affairs and Trade (“Australia”), hereinafter referred to jointly as the “Participants” and each as a “Participant”,
Desiring to strengthen the friendly relations that exist between their respective countries and to promote the expansion of bilateral cooperation between Participants based on the principles of equality, mutual benefit, and full respect of sovereignty; and
Noting that strengthening the investment cooperation between them will benefit the advancement of bilateral relations and cooperation between the two countries,
Acknowledging that the arrangements on investment cooperation between the Participants will facilitate the mutual flow of capital and will ensure the sustainability of growth and prosperity for both Participants,
Having reached the following understanding:
Paragraph (1)
Purpose
This Memorandum of Understanding (“Memorandum”) provides a framework for investment cooperation to support both countries’ objectives in the digital infrastructure sector, specifically in the area of data centre and artificial intelligence (“AI”) capability and to facilitate their sharing of technical knowledge, advice, skills, and expertise.
Paragraph (2)
Scope of Cooperation
1. The Participants will facilitate collaboration between relevant government agencies, sub-national governments, independent regulatory authorities, private sector enterprises, Public – Private Partnership project proponents, including small and medium-sized enterprises (SMEs) and stakeholders across both countries to galvanise and promote investment in data centres and AI projects.
2. Consistent with Paragraph 6 (Legal Status), this Memorandum does not apply to, or have any legal or operational effect on, either Participants’ foreign investment frameworks.
Paragraph (3)
Areas of Cooperation
1. Participants will look to facilitate and drive investment, including through the following activities:
a. Explore and assess investment opportunities for establishing new data centres, including green data centres, that provide entities with secure cloud and safe and responsible AI solutions;
b. Explore and assess investment opportunities for the development and deployment of safe and responsible AI in the digital economy, incorporating safety by design;
c. Explore and assess investment opportunities to enable the potential offering of artificial intelligence solutions both in the local and regional markets, aligned with research on best practice in the construction and operation of data centres and the development and deployment of safe and responsible AI;
d. Explore and assess avenues for attracting major cloud service providers, promoting the development and increasing the number of cloud services, and offering cloud services in both the local and regional markets; and
e. Explore and assess the development of local activities to upskill local talent in AI and high performing computing development, in areas such as digital education, artificial intelligence, foreign language study, and data analysis using artificial intelligence, leveraging education stakeholders and research and development entities.
2. Other areas of cooperation may be identified and undertaken by mutual consent of the Participants.
Paragraph (4)
Implementation Mechanism
1. The Participants will, within 30 days of the date of this Memorandum coming into effect, each nominate entities and/or individuals designated to oversee the implementation of this Memorandum or certain aspects thereof and advise each other in writing of those contact points.
2. Contact points may set up meetings and jointly decide on a forward workplan to take forward the objectives of this Memorandum.
Paragraph (5)
Confidentiality
The Participants will keep confidential the information and contents exchanged between the Participants in relation to this Memorandum and will not use any of the confidential information and contents for any purpose other than for the purpose of which such confidential information and contents have been given.
Paragraph (6)
Legal Status
This Memorandum represents the understanding reached between the Participants and is an expression of the Participants’ good faith intent to engage in the collaboration described herein. This Memorandum does not create any legally binding rights or obligations.
Paragraph (7)
Dispute Resolution
Any dispute arising out of the interpretation and/or implementation of this Memorandum will be resolved amicably by negotiations or consultations between the Participants. Disputes will not be referred to any dispute resolution body or tribunal for settlement.
Paragraph (8)
Intellectual Property Rights
1. The Participants will observe and respect the intellectual property rights of each Participant in the implementation of this Memorandum.
2. All intellectual property rights in respect of any research, products and/or services developed jointly by the Participants pursuant to this Memorandum will be determined on a case-by-case basis in accordance with the relevant definitive agreements entered into between the relevant Participants.
Paragraph (9)
Funding and Resources
In principle, each Participant will bear the costs of its own cooperative activities under this Memorandum, in accordance with its laws and regulations and subject to the availability of resources, unless otherwise jointly decided by the Participants.
Paragraph (10)
Notices and Correspondence
Any correspondence or notices under this Memorandum will be in writing, signed by the Participant sending the notice or correspondence, and delivered via email or registered mail, to the other Participant at its addresses set forth herein below or at such other addresses as a Participant may subsequently notify.
For the UAE:
Abdalla Ahmed Alobeidli, Director of Policies and Investment Legislation
Address: UAE, Abu Dhabi
Telephone No: +971 50 747 9291
Email Address: aalobeidli@investuae.gov.ae
For Australia:
Contact Details: The Department of Foreign Affairs and Trade
Address: 10 John McEwen Crescent, Barton ACT 2600
Telephone No: +61 2 6261 1111
Email Address: UAECEPA@dfat.gov.au
Paragraph (11)
Participation in Similar Activities
This Memorandum in no way restricts either the Government of Australia or the Government of the United Arab Emirates from participating in similar activities with other public or private organisations, agencies or individual(s).
Paragraph (12)
Amendment
This Memorandum may be amended as required from time to time by mutual written consent of both Participants. Such amendments may be signed and dated prior to any changes being made. Any amendments will come into effect on a mutually decided date and will form part of the Memorandum.
Paragraph (13)
Coming into effect and Duration
1. This Memorandum will come into effect, and cooperation hereunder will commence, on the date on which it is signed by both Participants.
2. The Memorandum will remain in effect for a period of five (5) years, and will be automatically renewed for a period of five (5) years, unless either of the Participants notifies the other Participant in writing of its desire to terminate or not to renew this Memorandum.
Paragraph (14)
Termination
1. The Participants may discontinue their participation in this Memorandum in writing by mutual consent at any time.
2. Either Participant may discontinue its participation in this Memorandum by providing at least sixty (60) days advance notice in writing to the other Participant.
3. The expiration or termination of this Memorandum will not affect the validity or duration of any ongoing programs and activities made under this Memorandum, which will be subject to the respective definitive agreements signed between the relevant Participants.
SIGNATURES
SIGNED in duplicate at Canberra, Australia on the 6th day of November 2024 in the Arabic and English languages, both texts having equal validity. In case of any divergence in interpretations, the English text will prevail.
For the Government of the United Arab Emirates
H.E. Dr Thani Bin Ahmed Al Zeyoudi
Minister of State for Foreign Trade
For the Government of Australia
Senator the Hon Don Farrell
Minister for Trade and Tourism
Investment Memorandum of Understanding between The Government of the United Arab Emirates and The Government of Australia on Investment Cooperation in Food and Agriculture
The Government of the United Arab Emirates, represented by the Ministry of Investment (“the UAE”), and the Government of Australia, represented by the Department of Foreign Affairs and Trade (“Australia”), hereinafter referred to jointly as the “Participants” and each as a “Participant,”
Desiring to strengthen the friendly relations that exist between their respective countries and to promote the expansion of bilateral cooperation between the Participants based on the principles of equality, mutual benefit, and full respect of sovereignty;
Noting that strengthening the investment cooperation between the Participants will benefit the advancement of bilateral relations and cooperation between the two countries; and
Acknowledging that the arrangements on investment cooperation between the two countries will facilitate the mutual flow of capital and talent to ensure the sustainability of growth and prosperity for both countries,
Have reached the following understanding:
Paragraph (1)
Purpose
This Investment Memorandum (“Memorandum”) provides a framework for investment cooperation to support both countries’ objectives in the food and agriculture sector.
Paragraph (2)
Scope of Cooperation
1. The Participants will facilitate collaboration between relevant government agencies, sub-national governments, independent regulatory authorities, private sector enterprises, Public – Private Partnership project proponents, including small and medium-sized enterprises (SMEs) and stakeholders across both countries to galvanise and promote investment in the food and agriculture sector.
2. In facilitating this collaboration, the Participants will take into account existing cooperation arrangements between the UAE and Australia to avoid duplication, including that set out in the Memorandum of Understanding on the Sanitary and Phytosanitary Conditions for Trade in Food, Processed Food, Feed, Animal By-products, Plants and Plant Products between the United Arab Emirates and Australia.
Paragraph (3)
Areas of Cooperation
1. Participants will look to facilitate cooperation and drive investment in areas that:
a. aim to meet the growing demand for agricultural goods and improve food security;
b. support investment in supply chains for agricultural and food exports between the Participants;
c. support development of projects that enable producers, processors and others in food supply chains to diversify their operations and generate value-added products for export;
d. create and improve systems, processes and infrastructure that enable efficient and resilient supply chains including freight transportation networks;
e. advance the Participants’ respective climate and environmental goals in the food and agriculture sector, including climate resilience, greenhouse gas emission reductions and best practice land management; and
f. support implementation of resilient agricultural practices that generate sustainable agriculture and food production and productivity growth, including through the development and deployment of climate-smart sustainable agricultural practices and technologies.
2. Other areas of cooperation may be identified and undertaken by mutual written consent of the Participants.
Paragraph (4)
Implementation Mechanism
1. The Participants will, within 30 days of the date of this Memorandum coming into effect, each nominate entities and/or individuals designated to oversee the implementation of this Memorandum or certain aspects thereof and advise each other in writing of those contact points.
2. Contact Points may set up meetings and jointly decide on a forward work plan to take forward the objectives of this MOU.
Paragraph (5)
Confidentiality
The Participants will maintain the confidentiality of the information and contents exchanged between the Participants in relation to this Memorandum and will not use any of the confidential information and contents for any purpose other than for the purpose of which such confidential information and contents have been given.
Paragraph (6)
Legal Status
This Memorandum represents the understanding reached between the Participants and is an expression of the Participants’ good faith intent to engage in the collaboration described herein. This Memorandum does not create any legally binding rights or obligations.
Paragraph (7)
Dispute Resolution