New Zealand and India have commenced a negotiation process to put in place yet a further bilateral free trade arrangement between New Zealand and one of its significant trading partners.
In recent years, New Zealand has entered into free trade agreements with the ASEAN countries, the Gulf Co-Operation Council, the Trans-Pacific Partnership countries, and Australia, China, Hong Kong, Korea, Malaysia, Singapore and Thailand.
India has been described by New Zealand’s Trade Minister, Tim Groser, as one of the country’s “fastest growing markets”.
New Zealand’s exports to India were valued at NZ$630 million in 2009, a 280% increase on New Zealand’s 2001 exports to India and overall bi-lateral trade between Indian and New Zealand grew 180% between 2001 and 2009, from NZ$353 million to NZ$985 million.
Later this year, Interlaw, an international association of independent law firms (of which Fortune Manning is the exclusive New Zealand member), is holding its AGM in New Delhi, India, hosted by its member firm, Luthra & Luthra.
Fortune Manning partner, Rob Coltman, will be attending that meeting and associated meetings at which business opportunities in India will be explored.
Businesses with trading interests in India or who would wish to make submissions on the proposed New Zealand – India Free Trade Agreement are invited to contact Rob Coltman.