New Zealand’s Prime Minister Christopher Luxon is scheduled to visit the United Arab Emirates (UAE) tomorrow to witness the signing of the Comprehensive Economic Partnership Agreement (CEPA), a crucial trade deal aimed at significantly reducing tariffs on over 98% of New Zealand’s exports to the UAE. This agreement represents a major advancement in the economic collaboration between the two nations.

Prime Minister Luxon described the UAE as a trusted partner and emphasized their ongoing cooperation across various shared interests, including renewable energy projects in the Pacific and peace efforts in the Middle East. He noted that about 4,000 New Zealanders currently reside and work in the UAE, and highlighted the country’s importance as a key transport and logistics hub, facilitating over half a million travelers from the UAE to New Zealand each year.

The CEPA, along with an accompanying investment agreement set to be signed by Trade Minister Todd McClay, aims to enhance the current trade relationship valued at NZ$1.3 billion. Luxon expressed optimism that this new agreement will serve as a springboard for New Zealand businesses, aligning with the government’s goal of doubling export values in the next decade.

During his visit, Luxon also plans to showcase New Zealand as a globally connected trading nation and an attractive destination for sustainable technology and investment. This agreement not only symbolizes a commitment to strengthening economic ties but also reflects a broader trend of fostering collaborative networks with international partners that can lead to sustainable growth.

In summary, the upcoming signing of the CEPA is seen as a hopeful advancement in New Zealand’s trade relations with the UAE, paving the way for mutual growth and prosperity through increased collaboration and investment opportunities. This partnership highlights New Zealand’s commitment to international cooperation and sustainable economic practices, promising benefits for both nations.