Prime Minister, Christopher Luxon and Indian Prime Minister, Shri Narendra Modi, have agreed a Roadmap to 2030 as part of a new Strategic Partnership, including an ambitious goal to double two-way trade by 2030.
Prime Minister Luxon said the new partnership signalled a “shared ambition to do more together”.
“On this historic visit, Prime Minister Modi and I have backed that ambition with action,” he said.
“This Roadmap reflects the breadth of the relationship – from trade, investment and technology to maritime security, education, tourism, sport, agriculture and community.”
The Prime Minister said the implementation of a New Zealand-India Free Trade Agreement was central to the plan.
“It is a landmark achievement that will drive long-term growth for both countries,” he said.
“It will reduce barriers, give businesses greater certainty, and unlock new opportunities across goods, services, investment, education and tourism – supporting Kiwi businesses to grow, create jobs and lift incomes.
“This FTA will reduce or eliminate tariffs on 95 per cent of New Zealand’s exports to India once fully implemented. From day one, 57 per cent of our exports will be tariff-free.
“It will unlock new opportunities to grow our goods and services exports into a market of 1.4 billion people and contribute to achieving the Government’s goal of building the future by doubling the value of exports by 2034.”
The Roadmap has a significant focus on maritime security, including a Maritime Cooperation Arrangement between the New Zealand and Indian defence forces.
“New Zealand’s prosperity and security depend on a stable and secure Indo-Pacific,” Mr Luxon says.
“That’s why we are stepping up practical cooperation at sea and deepening how we work together and share perspectives on maritime security.”
The leaders also welcomed new arrangements covering a range of areas, including sport, tourism, farm stock breeding and dairying.
“New Zealand and India are connected by people, ambition and opportunity, and by a shared interest in building a winning partnership that delivers for the decades ahead.”
Mr Modi’s visit is the first by an Indian Prime Minister to New Zealand in 40 years.
