{"id":39230,"date":"2025-03-17T18:25:21","date_gmt":"2025-03-17T12:55:21","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=39230"},"modified":"2025-03-17T19:45:45","modified_gmt":"2025-03-17T14:15:45","slug":"india-new-zealand-resumed-trade-deal-talks-after-decade","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/17-03-2025\/india-new-zealand-resumed-trade-deal-talks-after-decade","title":{"rendered":"India and\u00a0 New Zealand resumed trade deal talks after decade"},"content":{"rendered":"\n

Syllabus :GS 2\/IR<\/strong><\/p>\n\n\n\n

In News<\/strong><\/h2>\n\n\n\n

India and New Zealand announced the resumption of negotiations for a Free Trade Agreement (FTA) .<\/p>\n\n\n\n

Do you know ?<\/strong>
– India is aiming to conclude trade negotiations with the US and the European Union in 2025.
– Ongoing negotiations with Australia for a comprehensive trade deal and renegotiations of the ASEAN trade deal.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Historical Linkages of India and New Zealand relations<\/strong><\/h2>\n\n\n\n
    \n
  • They have shared warm diplomatic ties since 1952<\/strong>, with similarities in Commonwealth membership, common law practices, and democratic governance.<\/li>\n\n\n\n
  • Tourism and sports, particularly cricket, hockey, and mountaineering, have fostered goodwill.<\/li>\n\n\n\n
  • In 2011,<\/strong> New Zealand identified India as a priority country through its “Opening Doors to India”<\/strong> policy and launched the NZ Inc. India Strategy to strengthen trade, economic, and political ties.<\/li>\n\n\n\n
  •  The 2020 strategy paper, \u201cIndia-NZ 2025 \u2013 Investing in the Relationship,\u201d <\/strong>aims to build a long-term strategic relationship with India.<\/li>\n<\/ul>\n\n\n\n

    Bilateral Trade (2023-24):<\/strong><\/h3>\n\n\n\n
      \n
    • New Zealand  exported goods\/services worth US$ 0.84 billion to India and imported US$ 0.91 billion, with total trade valued at US$ 1.75 billion.\n
        \n
      • India\u2019s imports: Wool, Iron & Steel, Fruit & Nuts, Aluminium.<\/li>\n\n\n\n
      • India\u2019s exports: Pharmaceuticals, Mechanical Machinery, Made-up Textile Articles, Pearls, Precious Stones & Metals.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

        Defence Cooperation<\/strong><\/h3>\n\n\n\n
          \n
        • Defence ties reflect overall friendly relations.<\/li>\n\n\n\n
        • INSV Tarini\u2019s port call in New Zealand (Dec 2024-Jan 2025).<\/li>\n\n\n\n
        • INS Sahyadri and INS Kolkata visited New Zealand (Aug-Sept 2023).<\/li>\n\n\n\n
        • India contributes staff to Combined Task Force 150, led by RNZ Navy from January 2025.<\/li>\n<\/ul>\n\n\n\n

          Customs Cooperation<\/strong><\/h3>\n\n\n\n
            \n
          • In August 2024, India and NZ signed a Customs Cooperative Arrangement to boost trade and fight organized crime.<\/li>\n<\/ul>\n\n\n\n

            International Solar Alliance<\/strong><\/h3>\n\n\n\n
              \n
            • New Zealand ratified the International Solar Alliance during the President’s state visit to Wellington (Aug 2024).<\/li>\n<\/ul>\n\n\n\n

              Education:<\/strong><\/h3>\n\n\n\n
                \n
              • India is the 2nd largest source of international students in NZ, with approximately 8,000 Indian students in various fields (IT, hospitality, science, engineering, architecture).<\/li>\n<\/ul>\n\n\n\n

                People-to-People and Cultural Ties:<\/strong><\/h3>\n\n\n\n
                  \n
                • There is strong cultural cooperation due to a large Indian diaspora in NZ.<\/li>\n\n\n\n
                • Indian festivals like Diwali, Holi, Baisakhi, Onam are celebrated with enthusiasm.<\/li>\n\n\n\n
                • Schools in NZ teach Indian traditional arts (Kathak, Bharatnatyam), Bollywood dance, and languages like Hindi.<\/li>\n<\/ul>\n\n\n\n

                  Sports:<\/strong><\/h3>\n\n\n\n
                    \n
                  • Close sporting links, especially in cricket, hockey, and mountaineering.<\/li>\n\n\n\n
                  • Sir Edmund Hillary, a NZ hero, is iconic in India for his mountaineering achievements.<\/li>\n<\/ul>\n\n\n\n

                    Latest Developments <\/strong><\/h2>\n\n\n\n
                      \n
                    • The two countries started negotiating the Comprehensive Economic Cooperation Agreement (CECA) in April 2010 to promote trade in goods, services, and investment.<\/li>\n\n\n\n
                    • Talks were stalled in 2015 after nine rounds of discussions.<\/li>\n\n\n\n
                    • The aim of the FTA negotiations is to achieve balanced outcomes, enhance supply chain integration, and improve market access.<\/li>\n<\/ul>\n\n\n\n

                      Challenges<\/strong><\/h2>\n\n\n\n
                        \n
                      • India seeks better access for skilled professionals and the IT\/services sector, while New Zealand resists offering work opportunities like those for Australia and China. <\/li>\n\n\n\n
                      • India withdrew from RCEP in 2019 over market access concerns.<\/li>\n\n\n\n
                      •  New Zealand has a low average import tariff (2.3%), while India\u2019s is higher (17.8%), requiring significant reductions. <\/li>\n\n\n\n
                      • New Zealand also seeks greater access to India\u2019s protected dairy market.<\/li>\n<\/ul>\n\n\n\n

                        Conclusion and Way Forward <\/strong><\/h2>\n\n\n\n
                          \n
                        • India and New Zealand share a strong and evolving relationship based on mutual respect and shared goals. <\/li>\n\n\n\n
                        • With ongoing efforts to strengthen ties in trade, defense, education, and cultural exchanges, their partnership is set to grow, ensuring a more resilient and prosperous future for both nations.<\/li>\n<\/ul>\n\n\n\n

                          Source  :TH<\/p>\n","protected":false},"excerpt":{"rendered":"

                          India and New Zealand announced the resumption of negotiations for a Free Trade Agreement (FTA) .<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-39230","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/39230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=39230"}],"version-history":[{"count":2,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/39230\/revisions"}],"predecessor-version":[{"id":39252,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/39230\/revisions\/39252"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=39230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=39230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=39230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}