Wednesday, 04 September 2024 09:55

India FTA 'still a priority'

Written by  Peter Burke
Trade and Agriculture Minister Todd McClay. Trade and Agriculture Minister Todd McClay.

Agriculture and Overseas Trade Minister Todd McClay says his government is pulling out all the stops to get a trade deal with India.

He told delegates to the recent NZ Institute of Primary Industry Management (NZIPIM) conference that he has personally made three visits to India since National took office late last year.

He was there a few weeks ago where he met his counterpart Piyush Goyal, the Indian Minister of Commerce. McClay says there are challenges when a country the size of NZ with just over five million people tries to deal with a country with a population of 1.4 billion.

"But while there I made the case again that whenever NZ does a trade deal, we are often much smaller than our partner," he says.

"Recent examples of this are the FTAs with the UK and the EU which provide for a high-quality set of rules that gave business on both sides certainty. There are lots of opportunities for NZ in India in the primary and services sectors and there are equally good opportunities for India to do more business in NZ," he says.

McClay says an exciting development has been the decision of India to use NZ wool carpet in its parliament - an example of how trade could further develop. He says, for the last few years, the relationship between India and NZ has been underdone, but the trajectory is changing with the March 2024 visit to India by Deputy Prime Minister Winston Peters and a planned trade mission to be led by Prime Minister Luxon later this year.

This move to target India is backed by Sir Lockwood Smith, former politician, who says NZ must get a trade deal with India.

Smith says the Government is right in making India a priority to pursue this. He says such a deal may not be big for agriculture, especially the dairy industry, but over time “we can work with their dairy industry to help them build their own dairy industry as a start to open the door for us”.

While it’s now widely accepted that the days of FTAs such as the one with the UK are probably over, Smith says there are other ways that NZ can improve quality access for its exports. He says NZ has huge influence on trade matters globally and our top trade negotiator, Vangelis Vitalis, is highly regarded internationally.

More like this

Farmers will adapt amid global trade turmoil

New tariffs imposed by President Donald Trump signal an uncertain future, but New Zealand farmers know how to adapt to changing conditions, says Auriga Martin, chief executive of Farm Focus.

Irish, NZ connection showcased

The Irish Minister of State for Rural Communities says his country and New Zealand face very similar challenges on a range of issues related to agriculture, including climate change, biodiversity and rural depopulation.

Featured

Farmers will adapt amid global trade turmoil

New tariffs imposed by President Donald Trump signal an uncertain future, but New Zealand farmers know how to adapt to changing conditions, says Auriga Martin, chief executive of Farm Focus.

National

Machinery & Products

Amazone extends hoe range

With many European manufacturers releasing mechanical weeding systems to counter the backlash around the use and possible banning of agrochemicals,…

Gong for NH dealers

New Holland dealers from around Australia and New Zealand came together last month for the Dealer of the Year Awards,…

A true Kiwi ingenuity

The King Cobra raingun continues to have a huge following in the New Zealand market and is also exported to…

» Latest Print Issues Online

Milking It

Dairy power

OPINION: The good times felt across the dairy sector weren't lost at last week's Beef + Lamb NZ annual meeting.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter