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India and New Zealand to focus more on each other

Staff writer ▼ | June 5, 2013
Indian External Affairs Minister Salman Khurshid held talks with New Zealand Foreign Minister Murray McCully and said there is a great potential for improved bilateral trade and investment relations.
Salman Khurshid Murray McCully
Salman Khurshid Murray McCullyIndian External Affairs Minister Salman Khurshid held talks with New Zealand Foreign Minister Murray McCully and said there is a great potential for improved bilateral trade and investment relations.


Mr. Khurshid said both India and New Zealand share close partnership and both the nations are working for early conclusion of a Free Trade Agreement (FTA) which will further help in enhancing trade and investment relations between the two countries.

"It is a great honour to welcome Foreign Minister Murray McCully on his visit to New Delhi. Foreign Minister McCully and I have had substantive and fruitful discussions on bilateral, regional as well as multilateral issues of mutual interest. I am extremely satisfied with the progress achieved in our bilateral relations," said Mr. Khurshid during a joint press conference with Murray McCully.

"In our talks this morning, we recognised that regular high-level interaction, bilaterally as well as during multilateral events, and exchanges between officials have helped guide our relations forward through structured cooperation in key sectors. The last Foreign Office Consultations were held last year and parliamentary exchanges have strengthened," said Mr. Khurshid.

Speaking on economic relationship between the two nations, Mr. Khurshid said: "Economic relations are a strong pillar in our partnership. We recognised that there is great potential to further strengthen our bilateral trade and investment relations. Our exports grew by 20% to $302 million though our imports fell by 17% to $686 million. We have recently liberalised imports of lamb from New Zealand."

"India and New Zealand are currently working for early conclusion of a Free Trade Agreement (FTA). FTA will help further enhance our trade and investment relations in the future," added Mr. Khurshid.

"Our cooperation in agriculture, especially in high-yielding varieties, food processing and agro machinery are areas of further potential. Collaboration in science and technology, with technology cooperation, joint projects and training is growing," said Mr. Khurshid.


 

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