Latest news with #IndiaNewZealand
The Independent
3 days ago
- Business
- The Independent
New Zealand hails 'breakthrough' in trade talks with India, but no timeline for deal
New Zealand's deputy prime minister said on Friday that talks over a free trade agreement between his country and India were ongoing, but he didn't provide a timeline for when the two nations could eventually sign a deal. Winston Peters, who is on a two-day visit to India, said that the negotiations were 'going with real meaning now," calling them 'a breakthrough in our economic relationship.' India and New Zealand began negotiations in March for a trade pact, and had aimed to sign a deal in 60 days. The deal will significantly bolster economic ties between the two countries, but it has faced delays because of differences over tariffs on dairy products. Bilateral trade between India and New Zealand stood at $1.7 billion in the 2023-24 financial year. Talks between India and New Zealand were taking place amid global trade tensions, after U.S. President Donald Trump's decision to impose now-paused reciprocal tariffs on imported goods from several countries, including India. Earlier this month, India and the United Kingdom clinched a trade deal. India is also engaged in trade talks with Washington. Peters, who met with India's Group of 20 emissary, Amitabh Kant, in New Delhi, said that India was New Zealand's 12th-largest partner in trade and 'we are determined that we're going to work to change that.' "Our strengths, from food and beverage products to agriculture, forestry, horticulture, education and tourism are world class. And our innovation in areas like outer space and renewable energy will find a welcoming partner in India," he said. Peters said that the relationship between the two countries extended to defense and security, calling it a 'priority for New Zealand in the Indo-Pacific." "During a time of great uncertainty, instability and disorder, we have taken steps to work more closely on matters of defense and security with India," he said.
Associated Press
3 days ago
- Business
- Associated Press
New Zealand hails 'breakthrough' in trade talks with India, but no timeline for deal
NEW DELHI (AP) — New Zealand's deputy prime minister said on Friday that talks over a free trade agreement between his country and India were ongoing, but he didn't provide a timeline for when the two nations could eventually sign a deal. Winston Peters, who is on a two-day visit to India, said that the negotiations were 'going with real meaning now,' calling them 'a breakthrough in our economic relationship.' India and New Zealand began negotiations in March for a trade pact, and had aimed to sign a deal in 60 days. The deal will significantly bolster economic ties between the two countries, but it has faced delays because of differences over tariffs on dairy products. Bilateral trade between India and New Zealand stood at $1.7 billion in the 2023-24 financial year. Talks between India and New Zealand were taking place amid global trade tensions, after U.S. President Donald Trump's decision to impose now-paused reciprocal tariffs on imported goods from several countries, including India. Earlier this month, India and the United Kingdom clinched a trade deal. India is also engaged in trade talks with Washington. Peters, who met with India's Group of 20 emissary, Amitabh Kant, in New Delhi, said that India was New Zealand's 12th-largest partner in trade and 'we are determined that we're going to work to change that.' 'Our strengths, from food and beverage products to agriculture, forestry, horticulture, education and tourism are world class. And our innovation in areas like outer space and renewable energy will find a welcoming partner in India,' he said. Peters said that the relationship between the two countries extended to defense and security, calling it a 'priority for New Zealand in the Indo-Pacific.' 'During a time of great uncertainty, instability and disorder, we have taken steps to work more closely on matters of defense and security with India,' he said.
Times of Oman
3 days ago
- General
- Times of Oman
Delhi: EAM Jaishankar meets New Zealand counterpart Winston Peters, thanks for support on Pahalgam attack
New Delhi : External Affairs Minister S Jaishankar on Thursday met with New Zealand's Deputy Prime Minister and Foreign Minister, Winston Peters, in Delhi and thanked New Zealand for its support and solidarity on the Pahalgam terrorist attack. The two leaders reviewed the progress made in India-New Zealand partnership following the recent visit of New Zealand Prime Minister Chris Luxon. In a post on X, Jaishankar wrote, "Delighted to meet DPM & FM @winstonpeters of New Zealand this evening in Delhi. Thank New Zealand for its support & solidarity on the Pahalgam terrorist attack." "Following up from the recent visit of PM @chrisluxonmp, took stock of the progress made by our partnership. Agreed that in a more volatile & uncertain world, it's important that India & New Zealand collaborate closely for a rules-based, peaceful, stable & prosperous Indo-Pacific region," he added. Peters just concluded a two-day visit to Kathmandu, where he was received by Foreign Secretary Amrit Bahadur Rai at the airport, along with other Foreign Ministry officials. Earlier, in a post on X Spokesperson of Ministry of External Affairs, Randhir Jaiswal said, "A warm welcome to DPM & FM @winstonpeters of New Zealand on his arrival in New Delhi for an official visit. This visit reflects the momentum of high level exchanges & will further strengthen the warm and friendly ties between our two countries." On Friday, May 30, Peters is scheduled to meet JP Nadda, the Union Minister of Health and Family Welfare, at the Hotel Taj Mahal at 3:30 pm. His departure is scheduled for 9:55 pm on the same day. India and New Zealand have historically shared close and cordial ties. Similarities such as membership of the Commonwealth, common law practices and pursuing shared aspirations of achieving economic development and prosperity through democratic governance systems for diverse communities in both countries (NZ prides itself as one of the most ethnically diverse countries in the world with 213 ethnicities officially recorded) provide an excellent backdrop for deepening the friendly ties, according to MEA
Times of Oman
09-05-2025
- Business
- Times of Oman
India's MoS Margherita calls on New Zealand PM Luxon, explores ways to take forward partnership
Auckland: Union Minister of State for External Affairs, Pabitra Margherita, called on New Zealand Prime Minister Christopher Luxon on the sidelines of the India New Zealand Business Council (INZBC) event on Friday. The two leaders explored ways to take forward partnership in strengthening bilateral ties in various sectors. In a post shared on X, Margherita stated, "Honoured to call on Rt Hon @chrisluxonmp, New Zealand PM, on the sidelines of INZBC event. Explored ways to take forward the India-New Zealand partnership in strengthening our bilateral ties across various sectors." Earlier in the day, Margherita addressed the INZBC Summit 2025 alongside Luxon and New Zealand's Deputy PM Winston Peters in Auckland. He mentioned that the theme of the event was 'Boardroom to Border leadership dialogue.' "Honoured to address the INZBC Summit 2025 in Auckland alongside New Zealand PM Rt Hon @chrisluxonmp & DPM & FM Hon @winstonpeters. The theme of the event was 'Boardroom to Border leadership dialogue.' Discussed strategic, economic, and other opportunities that India presents today and ways to boost the India-New Zealand partnership. Also delighted to interact with the leading Business Community in New Zealand," Margherita posted on X. On Thursday, Pabitra Margherita held a meeting with New Zealand's Trade and Agriculture Minister Todd McClay. The two leaders discussed ways to take forward the trade partnership between the two nations. In a post shared on X, Margherita stated, "Had a fruitful meeting with Hon Todd McClay, Trade & Agriculture Minister of New Zealand. Explored ways to take forward India-New Zealand trade partnership." Pabitra Margherita arrived in Auckland for his two-day visit to New Zealand on Thursday. Upon arrival in Auckland, Margherita said that he looked forward to engagements with New Zealand's senior dignitaries. In a post on X, Margherita stated, "Arrived in Auckland for my first visit to New Zealand. Looking forward to my engagements with New Zealand's senior dignitaries, participation in the India-New Zealand Business Council Event and interacting with Indian business & community representatives." After concluding his visit to New Zealand, Margherita will visit Fiji to attend the Girmit Day ceremony as the Guest of Honour. In addition, he will have meetings with the political leaders of Fiji during his visit. In a press release, the Ministry of External Affairs stated, "India's relations with the Pacific region have diversified & strengthened with regular bilateral engagements. The visit of MOS(PM) to Fiji & New Zealand is expected to further deepen India's bilateral ties with the region."
