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 significant trade deal aimed at reducing tariffs on over 98 percent of New Zealand’s exports to the UAE. This agreement is expected to enhance the already valued NZ$1.3 billion trade relationship between the two nations.

In his remarks, Luxon acknowledged the UAE as a trusted partner, emphasizing the two countries’ ongoing collaboration on various shared interests, such as renewable energy projects in the Pacific and efforts to promote peace in the Middle East. He noted the substantial presence of approximately 4,000 New Zealanders living and working in the UAE, and the importance of the UAE as a transport hub, with over half a million travelers moving between the two countries each year.

The CEPA will be signed by Trade Minister Todd McClay and will include an accompanying investment agreement that aims to create fresh opportunities for New Zealand businesses. Luxon expressed optimism that this deal will serve as a foundational step towards the New Zealand government’s goal to double export values within the next decade.

During his trip, the Prime Minister intends to present New Zealand as a globally connected trading nation and a leader in sustainable technology and innovation, promoting the country as an attractive destination for foreign investment.

This agreement not only reflects a commitment to strengthening economic ties but also denotes a broader trend of cultivating international partnerships, aligning with similar agreements and discussions in the Pacific region. The CEPA signifies a hopeful advancement in New Zealand’s trade relations with the UAE, paving the way for mutually beneficial growth and prosperity as both nations collaborate on future opportunities.

Overall, the signing of the CEPA promises not just economic advantages, but also serves as a platform for reinforcing international relations, showcasing New Zealand’s resilience and potential in a changing global landscape.