Australia has reached a trade agreement with the United Arab Emirates that is expected to boost shipments of agricultural products and resources, as well as provide Abu Dhabi with greater access to investment in green energy and critical minerals.

Australia said the trade pact will remove tariffs on about 99 per cent of Australian products, resulting in savings of $91m (AUD135m) in the first year.

Australia has signed a massive new trade deal with a Middle-Eastern powerhouse, but the agreement has sparked controversy.

The agreement will boost exports and facilitate the trade of agricultural products and minerals underpinning the green transition.

The UAE and Australia have concluded talks for a comprehensive economic partnership agreement that is expected to boost trade and investment ties between the countries. Australia will export more than 99 per cent of its products to the UAE without tariffs under the deal,