The Free Trade Agreement (FTA) between India and New Zealand has garnered significant backing from policymakers, industry leaders, and trade representatives. Described as a “balanced” and “forward-looking” pact, it is anticipated to greatly enhance bilateral trade and economic cooperation. New Zealand’s Minister for Trade and Investment, Todd McClay, emphasized the comprehensive nature of the agreement, highlighting the efforts to maintain its fairness and the vast opportunities it will create for businesses and individuals in both countries.
Former New Zealand MP Kanwaljit Singh Bakshi and BJP MP Praveen Khandelwal also expressed optimism about the FTA. Bakshi praised the commitment shown by both governments, foreseeing mutual benefits and a doubling of trade volumes within five years. Khandelwal hailed the agreement as historic, emphasizing the ease of exporting various Indian products to New Zealand and the potential for importing goods like wool, timber, and education technology.
Industry leaders, including Sunil Kaushal and A Sakthivel, welcomed the FTA, recognizing its long-term prospects and sector-specific advantages. Kaushal highlighted the agreement as a new chapter in bilateral relations, while Sakthivel pointed out the opportunities it presents for Indian apparel exporters to expand their market share in New Zealand. Anant Swarup, Secretary General at FICCI, viewed the FTA as a testament to India’s increasing readiness to engage with the global economy and strengthen its industrial competitiveness.
