India and New Zealand Target ₹35,000 Crore Trade
News: India and New Zealand have elevated their bilateral relationship to a strategic partnership, setting a target to double two-way trade to ₹35,000 crore (NZD 7 billion) by 2030 following talks between Prime Minister Narendra Modi and New Zealand Prime Minister Christopher Luxon.
The leaders announced 18 key outcomes, including 10 agreements, to strengthen cooperation in trade, logistics, defence, maritime security, and the Indo-Pacific.
Both countries agreed to accelerate implementation of the recently signed Free Trade Agreement (FTA), establish a maritime security dialogue, and sign a reciprocal logistics support agreement between their defence forces. The partnership aims to improve supply chain resilience, expand multimodal trade connectivity, and strengthen economic ties. India and New Zealand also reaffirmed support for a free and open Indo-Pacific, uninterrupted global trade routes, and reforms to the United Nations Security Council.
Source: Logistics Insider
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