New Zealand’s Prime Minister, Christopher Luxon, is set to visit the United Arab Emirates (UAE) for a pivotal trade agreement signing tomorrow. The Comprehensive Economic Partnership Agreement (CEPA) will significantly reduce tariffs on over 98% of New Zealand’s exports to the UAE, enhancing the current trade relationship valued at approximately NZ$1.3 billion.

In his statement, Luxon emphasized the UAE’s role as a trusted partner and highlighted their collaborative efforts on shared interests, primarily in renewable energy initiatives in the Pacific and fostering stability in the Middle East. With about 4,000 New Zealanders living and working in the UAE, which attracts more than half a million annual travelers to New Zealand, the UAE serves as a crucial logistics and transport hub.

The CEPA, along with an accompanying investment agreement to be signed by Trade Minister Todd McClay, aims to create significant opportunities for New Zealand businesses, aligning with the government’s ambitious goal to double export values over the next decade. Luxon noted that this agreement not only serves as a foundation for increased trade and investment but also reflects a broader trend of strengthening economic ties within the Pacific region.

During his visit, Luxon intends to showcase New Zealand as a globally connected trading nation, highlighting its advancements in sustainable technology and innovation to attract more foreign investment. This trade agreement is not just an economic opportunity; it symbolizes a commitment to closer international relationships that could lead to collaborative ventures focusing on sustainability and peace.

Overall, the signing of the CEPA promises a hopeful outlook for both countries as they aim for mutual benefits through increased cooperation, showcasing the potential for a prosperous future through enhanced trade relations.