New Zealand and Singapore secure supply chains amid Middle East crisis

New Zealand Prime Minister Christopher Luxon and Singapore Prime Minister Lawrence Wong have signed an agreement aimed at maintaining uninterrupted supply chains during crises.

According to Reuters, the deal allows both countries to continue exchanging a predefined list of essential goods even in emergency situations, including fuel, medical supplies and construction materials.

The agreement was signed in Singapore during Luxon’s visit, as global markets continue to face an energy crisis triggered by developments in the Middle East. Around one-third of New Zealand’s petroleum products are refined in Singapore.

Both sides said they hope the mechanism will serve as a model for other countries and help expand a network of reliable partners in the region.

By Vugar Khalilov