PM Modi Praises India-New Zealand Trade Agreement As "Historic Milestone"
Prime Minister Narendra Modi and New Zealand Prime Minister Christopher Luxon have finalized a Free Trade Agreement, which Modi described as a historic milestone. The leaders emphasized the strengthening of bilateral ties and a new strategic partnership.
Why it matters
The trade agreement is expected to boost economic cooperation, investment, and trade between the two nations.
Prime Minister Narendra Modi on Saturday described the India-New Zealand Free Trade Agreement (FTA) as a historic milestone in bilateral ties, thanking New Zealand Prime Minister Christopher Luxon for concluding the pact in a short span.During delegation-level talks in Auckland, PM Modi also hailed the first visit by an Indian Prime Minister to New Zealand in 40 years, saying it had infused new momentum into the relationship and reaffirmed the two countries' commitment to deepening their partnership."It gives me great pleasure that an Indian Prime Minister has visited New Zealand after 40 years. By organising an event in your economic capital, you have created an opportunity to infuse new strength into the relationship between India and New Zealand.
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