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
Union Trade and Commerce Minister Piyush Goyal speaks during the India-New Zealand Business Forum in Auckland on Wednesday. PIC/PTI
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.
McClay said the two countries had made “great progress” in their negotiations. He added that while there was optimism on both sides, the focus remained on ensuring the deal was fair and durable.
“We were committed early on that we would only launch negotiations if we thought we could get it done. Minister Goyal and I, with our officials, have been working very hard. There’s been an unprecedented number of negotiating rounds so far,” McClay said during a media interaction.
McClay added that strengthening ties with India was a key strategic goal for New Zealand’s government. The bilateral trade in goods and services between India and New Zealand reached $1.75 billion in 2023-24.
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