New Zealand signs deal with Singapore to ensure trade of essential goods

New Zealand and Singapore have signed a deal to ensure the trade of essential goods continues in times of crisis. The agreement was signed by Trade Minister Todd McClay in Singapore, with Prime Minister Christopher Luxon and Singaporean Prime Minister Lawrence Wong witnessing the signing. The deal guarantees neither country will impose export restrictions on the other for goods like fuel, food, and construction materials. It will be incorporated into the existing New Zealand-Singapore Free Trade Agreement. Luxon said the agreement had already proven its worth and shown the two countries can rely on each other in crisis. Both Prime Ministers expressed openness to extending the agreement to other countries.