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FTA stuck, NZ cos seek limited trade arrangements with India
Mint Mumbai
|September 08, 2023
New Zealand firms are interested in exploring limited trade arrangements with India to expand cooperation in agriculture, dairy and horticulture, among others sectors, said representatives of Kiwi trade groups during a recent visit to Delhi.
Bilateral talks on a free trade agreement stalled in 2015.
“We have come up with a large delegation here (to Delhi) and it’s really around building partnerships," New Zealand trade and agriculture minister Damien O’Connor said during a visit to India in August.
“In 2011 former prime minister John Key launched the NZ Inc India Strategy, a plan for India to become a core trade, economic and political partner for New Zealand. The NZ-India FTA is a crucial step toward achieving that goal," according to New Zealand’s foreign ministry.
Talks on the FTA began in 2010 and stalled after 10 rounds.
This story is from the September 08, 2023 edition of Mint Mumbai.
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