India and New Zealand relaunch free trade talks after a decade
2 days agoShareSaveNeyaz FarooqueeBBC News, DelhiShareSaveIndia and New Zealand have restarted free trade talks a decade after negotiations fell apart, as Prime Minister Christopher Luxon began his five-day tour of Delhi where he held bilateral talks with Prime Minister Narendra Modi.
The two sides have agreed to begin the first round of negotiations next month.
The announcement is a “major breakthrough” in the economic relationship between the two countries, Luxon said.
“India holds significant potential for New Zealand and will play a pivotal role in doubling New Zealand’s exports by value over the next 10 years,” Luxon said.
Bilateral trade between the two countries is valued at under $2bn (£1.55bn) currently.
Luxon is a keynote speaker at an ongoing geopolitical conference in Delhi, which will also be attended by the US Director of National Intelligence, Tulsi Gabbard.
Besides trade, New Zealand said it was deepening its engagement with India across areas such as defence,..