New Zealand Prime Minister Christopher Luxon is preparing for a significant visit to the United Arab Emirates (UAE) tomorrow, where he will oversee the signing of the Comprehensive Economic Partnership Agreement (CEPA). This landmark agreement aims to reduce tariffs on over 98 percent of New Zealand’s exports to the UAE, enhancing the robust economic ties between the two nations.

In his statement, Luxon emphasized the UAE’s role as a trusted partner, citing shared interests in renewable energy initiatives and efforts to promote peace in the Middle East. Approximately 4,000 New Zealanders currently live and work in the UAE, which also serves as a vital logistics hub, facilitating over half a million travelers to New Zealand each year.

The CEPA will be officially signed by Trade Minister Todd McClay, accompanied by an investment agreement, and is expected to stimulate trade, which currently stands at NZ$1.3 billion. Luxon shared his optimism that this deal will serve as a catalyst for New Zealand businesses to expand their operations abroad, aligning with the government’s ambitious goal of doubling export values within the next decade.

During his visit, Luxon plans to showcase New Zealand as a globally connected trading nation, emphasizing its innovations in sustainable technology and its attractiveness as an investment destination. This agreement not only promises economic benefits but also reflects a broader trend of fostering collaborative networks with nations in the Pacific region, further signifying a commitment to sustainable and responsible international relations.

In summary, Prime Minister Luxon’s upcoming signing of the CEPA with the UAE represents a hopeful step forward in solidifying trade relationships and advancing New Zealand’s economic goals, demonstrating the potential for mutual growth and cooperation in the years to come.