Source: Radio New Zealand
Prime Minster Christopher Luxon and Trade Minister Todd McClay are holding a media conference regarding a free trade deal with India.
RNZ understands the government has struck a free trade deal with India.
Prime Minister Christopher Luxon promised to do so in his first term, and negotiations were formally launched in March.
Christopher Luxon with Indian PM Narendra Modi during a meeting last year. Supplied / Prime Minister’s office
He visited the country for four days in April, and Trade Minister Todd McClay has been on several trips there since.
Indian media reported over the weekend that an agreement had gone through the country’s cabinet.
Two-way trade between the two countries currently totals about $3.14 billion a year. About $718m of that is exports from New Zealand, primarily wool, logs and apples.
– more to come
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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
