India’s importance to New Zealand is growing. By early 2011, India was New Zealand’s seventh largest export market and two-way trade was valued at NZ$1.2 billion.
India and New Zealand have begun talks on a bilateral free trade agreement (FTA) and six rounds of negotiations have already taken place.
An FTA would offer opportunities for New Zealand businesses by improving market access and greater interaction and co-operation.
India has a modern economy with a largely self-sufficient agricultural sector, diversified industry and a relatively large and sophisticated financial and service sector.
It offers a potentially vast market for consumer and industrial products, particularly when access is further liberalised.
