New Zealand And India Trade Agreement Essay

3385 WordsMay 5, 201514 Pages
INTRODUCTION: New Zealand and India are big market economies with voracious need to expand. They are trying to expand and strengthen their foundation in International market and maximize the benefits from it. They are promoting the competitiveness and sustainable development of their economies and welfare and prosperity of their people eventually improving their positions in global economy. Efforts are being put in by both these countries at multilateral and regional levels to promote trade and economic liberalization on their economic and political relationship. In the year 2007, the government foreign officials of both these countries agreed to negotiate a Free Trade Agreement (FTA)/. New Zealand and India share a positive and longstanding bilateral relationship. Despite strong growth in the past, the bilateral trade and economic relationship is currently under potential. Both the economies are complimentary to each other and there is a considerable potential to increase the economic relations and bilateral trade. Once the FTA effectively addresses the current barriers to trade and tariffs then there should be considerable improvement in the trade relationship for both the countries. New Zealand and India share a positive and longstanding bilateral relationship. Despite strong growth in the past, the bilateral trade and economic relationship is currently under potential. Both the economies are complimentary to each other and there is considerable potential to increase the
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