NEW DELHI: The India-New Zealand Free Trade Agreement (FTA) has sent a clear message that pragmatism has prevailed and that both sides have agreed on a framework for a bilateral economic partnership for the mid-21st century, according to a new report.
The report, published on www.prfworld.org, says the deal “represents a pivot for New Zealand toward deeper engagement with the world’s most populous nation and fastest-growing economy in the world”.
For India, the trade pact builds on its “Act East” and “Indo-Pacific” pillars of its foreign trade policy, “aiming to secure a trusted, long-term, comprehensive economic partnership in a region increasingly shaped by competing spheres of influence, ” says the report.