The discussions between India’s Commerce and Industry Minister Piyush Goyal and New Zealand’s Trade Minister Todd McClay in New Delhi marked a pivotal moment for enhancing economic ties. These talks focused on streamlining trade processes and dismantling barriers to create a more conducive business atmosphere for both countries.
Minister McClay praised India’s proactive stance on resolving wooden log export issues, showcasing India’s dedication to practical trade solutions. The meeting also shone a light on India’s successful G20 Presidency, highlighting its role in shaping global solutions.
The ministers committed to boosting bilateral trade and economic cooperation, with agriculture, forestry, pharma, connectivity, education, and tourism as key sectors. This focus promises to catalyze growth and prosperity in both nations.
The dialogue emphasized the growing business interactions between Indian and New Zealand companies, fostering stronger government-level conversations. The ministers recognized the importance of the Joint Trade Committee (JTC), set up under the 1986 India-New Zealand Trade Agreement. They agreed on the necessity for frequent high-level discussions to navigate trade and investment issues effectively.
Proposing the formation of working groups, the ministers aimed at exploring innovative economic partnership methods, particularly in technology and expertise sharing. This move indicates a strategic approach to bilateral relations, focusing on collaborative growth.
Discussions also delved into global trade dynamics, with both ministers advocating for a fair, transparent, and inclusive international trading system. They addressed World Trade Organisation (WTO) Ministerial Conference issues, indicating a unified approach to resolving global trade challenges.
This meeting between Ministers Goyal and McClay signals a strong dedication to deepening India-New Zealand economic relations and sustaining constructive dialogue, laying the groundwork for a collaborative and prosperous future for both countries.
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