Two Distant Islands Forge a Stronger Bond: Iceland And New Zealand

While they sit on opposite sides of the globe, New Zealand and Iceland are building a partnership that brings their people and economies closer together. A recent high-level visit has paved the way for exciting new opportunities for young citizens and businesses from both nations.

New Zealand's Foreign Minister, Winston Peters, met with Iceland's President, Halla Tómasdóttir, to discuss strengthening ties. The most significant outcome for many will be the start of talks for a reciprocal Working Holiday Scheme. This kind of arrangement will allow youngsters from different countries to travel, work and study. This is a chance to gain international experience, contribute to local communities and learn from different ways of life.

In a move that will greatly benefit commerce, Minister Peters also signed a Double Tax Agreement with Iceland's Finance Minister. This agreement provides clarity and fairness for businesspeople operating between the two countries, preventing them from being taxed twice on the same income. It simplifies financial matters and is expected to boost economic cooperation.

The partnership also looks towards the future of energy. During a recent tour of Iceland's Nesjavellir Geothermal Power Station, Minister Peters openly acknowledged the country's role as a global leader in the field. The New Zealand government is currently exploring the potential of supercritical geothermal energy in its own Zone. Learning from Iceland's expertise could be the solution to securing New Zealand's future energy requirements in a sustainable way.

This series of agreements shows that even nations separated by great distances can find common ground and mutual benefit, building a bridge across the oceans.