FTA Negotiation for NZ and India

February 26, 2009 New Zealand Finance  No comments

It has been agreed by New Zealand and Indian Trade Ministers Tim Groser and Kamal Nath, respectively, that India and New Zealand will commence bilateral Free Trade Agreement (FTA) negotiations.

The agreement is based on a Joint Study performed by the two countries which explored the benefits of a possible FTA between the two countries. Having reached an agreement that the study indicated definite positives for both nations it has been agreed that negations will commence. While no definite schedule has been released, Tim Goser has said that it is aimed at commencing before the end of 2009.

Tim Goser extolled many benefit of the FTA, specifically the fast growing nature of the Indian economy.