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India & NZ Forge Strategic Partnership
11 Jul
Summary
- India and New Zealand elevated ties to a Strategic Partnership.
- Bilateral trade target set at Rs 35,000 crore by 2030.
- New Zealand commits $20 billion investment in India over 15 years.
Prime Minister Narendra Modi's recent visit to New Zealand has significantly upgraded bilateral relations, establishing a new Strategic Partnership between the two nations. This partnership is guided by a roadmap focusing on enhanced cooperation in trade, agriculture, security, and innovation through 2030.
During discussions, India and New Zealand agreed to a target of doubling bilateral trade in goods and services to approximately Rs 35,000 crore by the year 2030. Furthermore, New Zealand has committed an investment of $20 billion in India over the next 15 years, signalling strong economic confidence.
Progress was also made on a Free Trade Agreement, signed on April 27, 2026, which is expected to expedite trade and create new opportunities. Discussions also explored the possibility of direct flights between the two countries, aiming to boost tourism and business ties.
Cooperation in agriculture, including horticulture and dairy, was a key focus, with plans to enhance productivity in sectors like kiwifruit. The partnership also aims to strengthen Indo-Pacific and security cooperation between the two maritime nations.
