New Zealand and India Strengthen Ties with Strategic Partnership
New Zealand Prime Minister Christopher Luxon and Indian Prime Minister Shri Narendra Modi have taken an important step in their nations’ relationship by establishing a Strategic Partnership. This new partnership aims to enhance cooperation between the two countries.
“This marks a significant milestone in the relationship between New Zealand and India, showcasing our desire to work closely together,” Mr. Luxon stated.
During this historic visit, the two leaders discussed plans for the future, agreeing on a Roadmap to 2030 that lays out their collaboration goals, including an ambitious target to double trade between the two countries by 2030.
“This Roadmap highlights the extensive nature of our partnership, which spans areas like trade, technology, maritime security, education, tourism, and agriculture,” Mr. Luxon explained.
A key part of this plan is the New Zealand-India Free Trade Agreement (FTA), which is expected to boost long-term growth for both nations. The FTA will reduce trade barriers, provide businesses with more clarity, and open up new opportunities in various sectors, including goods and services, investment, and education.
Once fully implemented, the FTA will eliminate tariffs on 95% of New Zealand’s exports to India. Starting from day one, 57% of these exports will be tariff-free.
“This agreement will help us tap into a market of 1.4 billion people and support our goal of doubling the value of our exports by 2034,” Mr. Luxon added.
The Roadmap also emphasizes maritime security, with plans for a cooperation arrangement between the defense forces of both countries.
“New Zealand’s security relies on a stable Indo-Pacific region,” Mr. Luxon noted. “We’re committed to improving our collaboration at sea and enhancing our understanding of maritime security.”
The leaders also celebrated new agreements in various fields such as sports, tourism, and agriculture.
“New Zealand and India share strong connections, ambitions, and opportunities, and we are eager to build a partnership that will benefit us for years to come,” Mr. Luxon said.
This visit marks the first time in 40 years that an Indian Prime Minister has visited New Zealand.
