India and New Zealand on Wednesday reiterated their commitment to strengthening trade and economic cooperation, with Union Minister of Commerce and Industry Piyush Goyal stressing that the partnership must rest on mutual respect, realistic expectations, and a long-term vision for growth.

Speaking at the New Zealand-India Business Forum during an interactive session with New Zealand's Minister for Trade Todd McClay, Goyal said both countries had agreed to approach the relationship “respecting each other's sensitivities” and to seek “win-win solutions” that would elevate the partnership to the next level. “Every trade relationship must be seen in its proper context,” Goyal said.