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India-New Zealand sign trade agreement worth 3.7 billion dollars

India and New Zealand on Saturday elevated their ties to a strategic partnership and set a five-year target to double their annual bilateral trade in goods and services to $3.7 billion (3.21 billion) by 2030. The trade agreement comes following talks between Prime Minister Narendra Modi, who is on his maiden trip to New Zealand, and his counterpart Christopher Luxon.The meeting between Modi and Luxon resulted in 10 agreements. Key among them were: A roadmap to expand ties in the next four years A framework for enhancing Indo-Pacific maritime cooperation A reciprocal logistics support pact between the Indian Navy and the New Zealand Defence Force We have decided to elevate our ties to a Strategic Partnership. We will move forward across every sector with clear goals and concrete outcomes, Modi said after the talks.Modi addressed the Indian community in Auckland on the final day of his two-day trip, saying the futures of India and New Zealand are intertwined. His trip marks the first by an Indian prime minister to New Zealand in 40 years, and comes as part of a tri-country tour.Before New Zealand, Modi visited Indonesia and Australia as part of his bid to strengthen Indo-Pacific relations.

11 Jul 2026 4:30 pm