Joint Statement on Maintaining Open and Resilient Supply Chains

1. Recognising the severe risk of disruption to global supply chains, particularly in relation to oil, gas and petrochemical products as well as essential goods and critical downstream derivatives such as fertilizers, arising from the closure of the Strait of Hormuz;
2. As members of the Future of Investment and Trade Partnership, the Governments of Costa Rica, Iceland, Liechtenstein, New Zealand, Norway, Panama, Rwanda, Singapore, Switzerland, the United Arab Emirates and Uruguay reaffirm their objective to enhance cooperation and coordination to identify and mitigate ongoing or imminent major supply chain risks or disruptions pursuant to the Declaration on Supply Chain Resilience issued in Singapore on 18 November 2025;
3. In this context, Costa Rica, Iceland, Liechtenstein, New Zealand, Norway, Panama, Rwanda, Singapore, Switzerland, the United Arab Emirates and Uruguay affirm their intent to maintain open, diversified, transparent, competitive and resilient supply chains;
4. We recognise that it is in our mutual interest to ensure that trade lines remain open, including via land routes, air and sea freight, to facilitate the flow of energy supplies and other essential goods;
5. We reaffirm the importance of refraining from the imposition of trade-restrictive measures, including export restrictions, tariffs and non-tariff barriers, and reiterate our endeavour to remove existing trade restrictive measures on essential goods, where appropriate, including through intensifying consultations to remove non-tariff barriers on relevant essential goods, as well as not to apply any unnecessary export restrictions on relevant essential goods;
6. We will use our designated supply chain national contact points to facilitate timely information sharing and coordination on joint response plans and mitigation strategies; as well as to report on relevant developments, including on supply chain alternatives, and on the restoration of temporarily disrupted supply chains;
7. We affirm our resolve to work together and with other trade partners to ensure that trade continues to flow unimpeded, and that critical infrastructure such as our land routes, air and seaports remain open to support the viability and integrity of supply chains globally.

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