Prime Minister Narendra Modi has described the newly signed Free Trade Agreement between India and New Zealand as a transformative development that will drive inclusive growth and unlock opportunities across multiple sectors of society. In a message shared on social media, he highlighted that the agreement represents a significant milestone in the evolving relationship between the two countries.
According to the Prime Minister, the trade pact goes beyond traditional economic cooperation and is designed to benefit a wide spectrum of stakeholders, including farmers, small businesses, startups, students, and innovators. He emphasized that the agreement reflects the strong foundation of trust, shared values, and mutual ambition that continues to shape India-New Zealand relations.
Modi noted that the agreement is expected to accelerate India’s development journey by creating new avenues for growth and expanding collaboration across industries. He stated that the partnership will enhance opportunities for youth and entrepreneurs while also supporting sectors such as agriculture, manufacturing, and technology.
A key highlight of the agreement is New Zealand’s commitment to invest approximately $20 billion in India over the coming years. This investment is expected to strengthen cooperation in innovation, industrial development, and advanced technologies, contributing to a more dynamic and future-ready economic partnership between the two nations.
The Prime Minister reiterated that the agreement will have a broad-based impact, particularly benefiting micro, small, and medium enterprises, artisans, and women-led businesses. He added that it will help deepen economic synergy while creating new pathways for collaboration in emerging sectors.
New Zealand Prime Minister Christopher Luxon also welcomed the agreement, describing it as a historic milestone that marks the beginning of a new phase in bilateral ties. He pointed out that discussions for the agreement began just over a year ago and were concluded efficiently through coordinated efforts by officials from both countries.
Luxon acknowledged India’s position as one of the fastest-growing major economies in the world and noted that the current level of trade between the two nations has only begun to tap into its full potential. He emphasized that the agreement presents a major opportunity to expand trade, investment, and economic engagement.
Overall, the India-New Zealand Free Trade Agreement is being seen as a significant step toward strengthening economic cooperation while promoting inclusive and sustainable growth for both nations.
