In a video message shared on social media, Christopher Luxon highlighted India’s emergence as the world’s most populous nation and its rapid transformation into a major consumer-driven economy. He noted that India, with a population of approximately 1.5 billion people and steadily rising income levels, represents a vast and increasingly affluent market with strong demand for high-quality goods and services.
He stated that the agreement is highly significant for New Zealand, as it is expected to generate employment opportunities, increase wages, and expand economic prospects for citizens of New Zealand. He further stressed that the Free Trade Agreement positions New Zealand in alignment with India’s long-term economic trajectory as the country moves toward becoming one of the world’s largest economies.
On April 27, India and New Zealand finalised a landmark Free Trade Agreement, marking a decisive and pivotal moment in their bilateral relationship. The agreement is seen as a major step forward in strengthening trade ties and deepening economic cooperation between the two nations.
The development underscores a strategic shift in bilateral engagement, reflecting shared ambitions for economic growth, market expansion, and long-term partnership.
About The Author
Comment List