India-New Zealand FTA Called Historic Opportunity as Business Leaders Predict Export Growth

Ajouté : 2026-04-28

[00:00:00]I think it's a great opportunity.

[00:00:02]>> See actually FDA with the newslet is going to be benefit from far best to the appel sector. We welcome this FDA. This is a historical FDA that has come into place.

[00:00:14]>> It's a historic occasion of the signing of the India New Zealand FDA.

[00:00:19]>> I think it's a great opportunity for both nations New Zealand and India with this FDA signing. It'll open both the markets. It will give access market access to Indian companies in India in New Zealand. New Zealand is a great market. You can use it as a base for Pacific. You can use it as a testing market also. And there are a lot of people wanting to know a lot about India for example in tourism. It could be in skills. It could be in healthcare. There are a lot of opportunities that are going to come out of this FDA and we're really excited. See actually FDA with the newslet is going to be benefit from far best to the apparel sector. Why?

[00:01:03]Because New Zealand import so far 1.4 Four bill exports export three or four manufacturing.

[00:01:33]So very important for honorable prime minister Mr. 38.

[00:01:47]So 38 countries 60% of the world population is covered in this FDA India say government export whether cartel or material competity or another special 60% of the population of the world the country which we are siding they don't have a apparel manufacturing so it is a good opportunity our next decade is going to be for apparel industry >> on behalf of SOM because I'm the former chairman of the so tourism expert committee and now I am the chairman of the Indian chamber of commerce aviation and tourism committee we welcome this FDA this is a historical FDA that has come into place today and this will increase tourism trade between both the countries. Also, it will increase investments from a uh New Zealand to India and India to New Zealand. All the uh chamber of commerce people were here.

[00:03:03]All the uh export promotion councils were here and uh they have decided to you know uh increase their exports and imports from New Zealand. Also the Amul chief was here and uh I think Australia, New Zealand are very good in milk and milk products and their breeding is very good. So this would reciprocally help all of us. Another very important thing that we can do with this agreement is I had suggested that uh if uh you know u like for Chinese they have visa on arrival. If the Chinese are holding uh you know uh American, Shenzhen or UK uh Australia visas they get visa on arrival. Similarly uh we should also get for Indian nationals visa on arrival because Indian outbound travel is more than uh 27 million and they are the largest spenders. So it will be good for New Zealand if they get visa on arrival to Indians who are already holding Australian visa and all these things. So this I think is going to greatly benefit uh the tourism industry, the aviation industry and uh also the trade. between both the countries.

[00:04:27]So I think more or less at least and engineering point of view automo.

[00:04:47]So I think overall for engineering it's a good sector and we are about 22% of exports to New Zealand. So from engineering aspect I would say it's a good >> I think it's a our export figures are less is a small export anyway it's a nation of 5 million only so we have to have I mean not very high expectation but over a period of time I think of 3 4 years we should be able to double our existing exports at least >> it's a historic occasion of the signing of the India New Zealand and FDA. It would open new doors for Indian exporters especially in sectors like uh textiles, garments, footwear, leather, gems and jewelry all labor intensive. On the services side also it provides new opportunities for our students and also for our professionals uh uh here for the first time. Aayush has also been recognized as uh a system of wellness that would also promote India's soft power to the rest of the world.

[00:05:57]>> Uh it's more of exports which are happening towards New Zealand. It's a very welcoming sign but at the same time there are other collaborative efforts which also can all be done from the uh New Zealand as well like uh we have been doing so far we have been we done this year we done close to 600 million US dollars exports to the to New Zealand and imports from New Zealand is very less but it is it is a good sign we have we can collaborate with them in a marine and we can also collaborate some technology know is already there with us so this this part thing what we talk about once we have we already know that you know we have been doing good great trends as far as cricket and culture is concerned but we're talking point of special economic zones and India can give a good uh expert advice the development of industrial park development of ports and development of infrastructure what India been all all well doing New Zealand is a small country at the same time it is bit little bit of lowlying as far as India is concerned but uh this part of FDA would as Mr. Gui was trying to tell in New Zealand can use India as one of the biggest logistics hub. They can come and start doing the production and from here they can also supply to the world over.

[00:07:12]So India is the greater advantage like we can sell in India. New Zealand companies can sell in India. They can also sell from India to Europe the Latin American countries and all. So and at that part there are many instances like Indian companies are collaborating with the New Zealand companies. So this day would be a remarkable thing and a very welcoming uh thing for the future and we see we we'll make sure that at least the special economic zones which you know government is trying to support and take it forward both the countries would climb in it.