India-New Zealand Strengthen Bilateral Ties: A New Era of Trade, Investment and Cooperation: Ashwani Kumar, President, FIEO

The Federation of Indian Export Organizations (FIEO) welcomes the recent landmark statements by the Hon'ble Prime Ministers of India and New Zealand, highlighting the growing strength of trade, investment, and financial cooperation between the two nations. This announcement signals an exciting new chapter in the economic partnership between India and New Zealand, promising substantial opportunities for Indian exporters, businesses, and industries alike.
 
In their joint statement, the Prime Ministers expressed satisfaction with the steady growth of trade and investment between the two countries. They also emphasized the untapped potential for further expansion of bilateral trade, urging businesses on both sides to strengthen their ties and explore new economic opportunities. FIEO President Mr Ashwani Kumar fully supports this vision, noting that Indian exporters are eager to tap into new markets in New Zealand.
 
The leaders also reaffirmed their commitment to enhancing two-way investment, which will reflect the dynamic momentum of the growing trade relationship. Mr Kumar shared his optimism, stating that these discussions will create new opportunities for Indian businesses to expand into New Zealand, particularly in sectors such as agriculture, digital payments, and sustainable development.
 
One of the key announcements was the launch of Free Trade Agreement (FTA) negotiations between India and New Zealand. FIEO is confident that this balanced, ambitious, and mutually beneficial agreement will deepen economic integration and create a more conducive environment for Indian exports. Mr Kumar added, "The FTA will open doors for Indian businesses, enabling easier and more predictable access to New Zealand's market."
 
In addition to the FTA, both countries are exploring the early implementation of cooperation in digital payments. This forward-thinking collaboration is expected to enhance technological innovation and financial inclusion, improving the ease of doing business for Indian exporters by providing more secure and efficient payment systems for cross-border transactions.
 
Another exciting development was the signing of the Authorized Economic Operators Mutual Recognition Arrangement (AEO-MRA) under the Customs Cooperation Arrangement (CCA) in 2024. This agreement will simplify customs procedures and remove trade barriers, facilitating smoother movement of goods and boosting trade by fostering greater cooperation between customs authorities.
 
Tourism, an important driver of economic growth, also received attention in the leaders' statement. FIEO recognizes the potential of increased tourism flows between India and New Zealand and celebrates the update to the India-New Zealand Air Services Agreement. The introduction of direct, non-stop flights between the two countries will not only strengthen business and trade links but will also bring people closer together, further enhancing engagement between Indian and New Zealand businesses.
 
As India and New Zealand continue to strengthen their economic ties, FIEO remains committed to helping Indian businesses capitalize on the opportunities created by these exciting new initiatives. The Federation looks forward to the successful realization of these agreements, driving inclusive, sustainable, and mutually beneficial growth for both the nations.