increase font size
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.
Overseas Trade Minister Todd McClay says he's working constructively with the Labour Party in the hope they will endorse the free trade agreement (FTA) with India when the agreement comes before Parliament for ratification.
Donald Trump's latest tariff tantrum has again thrown the world of trade into a new round of turmoil and uncertainty, and NZ is caught up in it.
Recent weather events in the Bay of Plenty, Gisborne/Tairawhiti, and Canterbury have been declared a medium-scale adverse event.
OPINION: If old Winston Peters thinks building trade relations with new nations, such as India, isn't a necessary investment in our future, he has rocks in his head.
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Budou are being picked now in Bridge Pā, the most intense and exciting time of the year for the Greencollar team – and the harvest of the finest eating grapes is weeks earlier than expected.
The Real Estate Institute of New Zealand (REINZ) has released its latest rural property report, providing a detailed view of New Zealand’s rural real estate market for the 12 months ending December 2025.
Rural retailer Farmlands has released it's latest round of half-year results, labeling it as evidence that its five-year strategy is delivering on financial performance and better value for members.
OPINION: "We are back to where we were a year ago," according to a leading banking analyst in the UK, referring to US president Donald Trump's latest imposition of a global 10% tariff on all exports into the US.
DairyNZ says the Government’s proposed Resource Management Act reform needs further work to ensure it delivers on its intent.
Overseas Trade Minister Todd McClay says he's working constructively with the Labour Party in the hope they will endorse the free trade agreement (FTA) with India when the agreement comes before Parliament for ratification.
OPINION: Expect the Indian free trade deal to feature strongly in the election campaign.
OPINION: One of the world's largest ice cream makers, Nestlé, is going cold on the viability of making the dessert.
