New Zealand and Singapore have signed a bilateral agreement to ensure the uninterrupted trade of essential goods like fuel and food, strengthening supply chain resilience in times of global volatility.
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Yeah, look, it's good to be with you, Jamie. Just stepped off the plane and really it's been a really successful visit on several levels. One was Singapore is our most important country in Southeast Asia or partner really. We are our fourth biggest trading partner that we've got, but also Singapore is the gateway into Southeast Asia big time. We built a good relationship at a top level with the Prime Minister and when he was here last October we upgraded to what's called the highest level of... strategic partnership that you can get and as part of that was inventing this new idea that in a crisis we would provide them with food and they would provide us with fuel and you know here we are six months later actually desperately you know needing that so it's a world first no one else has an arrangement quite like that and it's we're really proud of it so and it was also good to be honest Jamie to get up there and I met with a lot of the executives from all the leading fuel companies in the world and you know wanted to understand that You know, we've historically got a lot of crude oil out of the Middle East. It comes into Singapore or South Korea. It gets refined into diesel and aviation gas and petrol and then sent down to New Zealand. And actually what's happened is those executives and those companies have been very good at finding alternative sources of feedstock of crude from places like the US, even Peru, Chile, Oman, West Africa, places like that, which has been good. So we have supply and that's the main thing. That's the main thing that we have to. We have to start to make sure that we always have.
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alternative crude sources reduce dependency on Middle East
The Country 06/05/26: Christopher Luxon talks to Jamie MackaySpotted something wrong on this page? Report a correction.