New Zealand and India have upgraded their relationship to a Strategic Partnership, targeting a doubling of bilateral trade by 2030. The announcement follows talks between Prime Minister Christopher Luxon and Indian Prime Minister Narendra Modi during Modi’s official visit to New Zealand.
Strategic Partnership to Boost Trade and Jobs
Luxon stated the elevated ties would generate jobs, raise wages, and increase revenue for New Zealand communities. The agreement builds on an existing free trade pact, with both leaders committing to expand cooperation in trade, investment, technology, and people-to-people exchanges.
The discussions yielded 18 key outcomes, including 10 agreements across multiple sectors. Modi described the partnership as a “new resolve for our shared future,” emphasizing its potential to create opportunities in market access, investment, and talent mobility.
India as a Global Investment Hub
Modi highlighted India’s stability and growth, positioning it as a launchpad for global expansion. He announced New Zealand’s commitment to invest USD 20 billion in India over the next 15 years, urging businesses to explore opportunities in manufacturing, infrastructure, and clean energy.
During a community event in Auckland, Modi and Luxon addressed over 10,000 members of the Indian diaspora. Modi praised the community for preserving cultural ties while contributing to New Zealand’s multicultural society, marking 100 years of sporting collaboration between the two nations.
