Trade Minister Todd McCay and his UAE counterpart Minister of State for Foreign Trade Dr Thani bin Ahmed Al Zeyoudi. Photo: RNZ / Samuel Rillstone
The Prime Minister heads to the United Arab Emirates (UAE) tomorrow to witness the signing of a new trade deal.
Christopher Luxon said the Comprehensive Economic Partnership Agreement (CEPA) cuts tariffs on more than 98 percent of New Zealand's exports to the UAE.
"The UAE is a trusted partner for New Zealand," Luxon said in a statement.
"Our two governments cooperate across a range of shared interests, from expanding renewable energy generation in the Pacific to our desire to de-escalate conflict in the Middle East.
"This is a country where 4000 Kiwis are living and working, and a key transport and logistics hub with more than half a million people coming to New Zealand through the UAE each year."
Luxon will witness the signing of the CEPA and accompanying investment agreement by Trade Minister Todd McClay.
Trade between our two countries is currently valued at NZ$1.3 billion.
Luxon said the agreement provides a springboard for New Zealand companies to increase trade and investment as part of the government's efforts to double the value of exports in 10 years.
"While in the UAE, I'll be showcasing New Zealand as a globally connected trading nation, a sustainable technology innovator, and an attractive destination for investment," Luxon said.
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