Singapore and New Zealand have signed what they called the “world’s first” bilateral supply chain deal to keep goods flowing freely between the two countries amid heightened pressure on global trade.
The agreement, signed by the leaders of both nations on Monday, highlights the emergency measures taken by smaller countries following the disruption caused by the Middle East war.
“Even in times of crisis or shortages, we will keep essential goods flowing — food, fuel and other critical supplies,” Singapore’s Prime Minister Lawrence Wong said after signing the agreement in the city-state. “We will not shut each other out.”
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