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NZ 'determined' to conclude FTA with India
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SME Times News Bureau | 25 Apr, 2012
New Zealand is "determined" to conclude negotiations on a Free Trade
Agreement (FTA) with India by next year, an official said Tuesday.
"The
significance of India is reflected not just in our determination to
conclude a successful FTA in the next year or so, but through the
development of a collaborative, coordinated New Zealand wide strategy
for developing our political, economic and trade ties," Richard White,
trade commissioner, office of the New Zealand high commissioner in
India, said.
White was adressing a programme organised by the Bengal National Chamber of Commerce & Industry (BNCCI) in Kolkata.
Negotiations between the two countries for the pact had commenced in April 2010 and seven rounds of talks already took place.
Bilateral trade between the two countries is expected to reach $2 billion by 2015 from the current levels of about $1 billion.
Major
export items from New Zealand include coal, timber, wool and dairy
products, while key items of import from India are jewellery articles,
diamonds, garments and footwear.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
|
78.25
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75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 13 Aug, 2022 |
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| Daily Poll |
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| PM Modi's recent US visit to redefine India-US bilateral relations |
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