New Zealand’s Prime Minister, Christopher Luxon, is preparing to visit the United Arab Emirates (UAE) tomorrow, where he will attend the signing of a crucial trade agreement known as the Comprehensive Economic Partnership Agreement (CEPA). This landmark deal is set to reduce tariffs on over 98 percent of New Zealand’s exports to the UAE, marking a significant advancement in economic collaboration between the two countries.

In a statement, Luxon emphasized the UAE’s status as a trusted partner for New Zealand. He pointed out ongoing cooperation on shared interests, including expanding renewable energy initiatives in the Pacific and efforts to promote peace and stability in the Middle East. Approximately 4,000 Kiwis currently live and work in the UAE, which serves as a major transport hub, facilitating annual travel for over half a million visitors to New Zealand.

The signing ceremony will be conducted by Trade Minister Todd McClay, and the existing trade relationship between the two nations is valued at NZ$1.3 billion. Luxon expressed optimism that the CEPA would act as a catalyst for increased trade and investment opportunities for New Zealand businesses, aligning with the government’s ambitious goal of doubling export values within the next decade.

During his visit, Luxon aims to showcase New Zealand as a globally connected trading nation and an appealing destination for sustainable investments and technological innovations. This agreement not only solidifies economic ties but also underscores New Zealand’s commitment to fostering trade networks that are both responsible and sustainable.

Overall, the signing of the CEPA represents a significant milestone that enhances trade dynamics and reflects a shared commitment to mutual growth and prosperity between New Zealand and the UAE. This hopeful development is expected to pave the way for future economic collaboration and opportunities for both nations, demonstrating the potential for a fruitful partnership in the years to come.