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India-New Zealand Free Trade Pact Marks New Era in Bilateral Ties
Christopher Luxon has described the India-New Zealand Free Trade Agreement as a once-in-a-generation opportunity, highlighting the immense scale and growth potential of the Indian market.
In a social media video message, Luxon said India, now the world’s most populous country, is rapidly emerging as a major consumer economy. He noted that with a population of around 1.5 billion and rising incomes, India offers a vast and increasingly affluent market seeking quality goods and services.
He said the agreement is highly significant for New Zealand as it is expected to create jobs, raise wages and generate new opportunities for New Zealanders.
Luxon added that the trade pact positions New Zealand to align closely with India’s economic rise as it moves toward becoming one of the world’s largest economies.
On April 27, India and New Zealand finalised the landmark Free Trade Agreement, marking a major milestone in bilateral relations.
