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

Beef sector must lift its game

Sir Lockwood Smith is full of praise for the efficiency of the sheep industry, saying they have done a great job over the years.

Rural NZ 'playing its part' - McClay

Agriculture Minister Todd McClay says the hard-working men and women of rural New Zealand are playing their part to help rebuild the economy.

Featured

Tractor, machinery sales dip

The recent Tractor and Machinery Association (TAMA) conference in Wellington was signalling cautious optimism on the back of rising milk and store cattle prices and drops in interest rates.

National

India FTA 'still a priority'

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

Extra funding for methane inhibitor

A methane inhibiting bolus specifically suited to New Zealand's pastoral farming system is awaiting regulatory approval for a launch late…

Machinery & Products

A range of tankers on offer

A relatively young company, founded in Germany in 1977 by Josef Fliegl Senior, the Fliegl Group now employs more than…

Choosing the right system

Choosing the right effluent system requires professional advice, considering future plans, and picking the right person for the job.

» Latest Print Issues Online

Milking It

Painting the cow red

OPINION: How do you get people to stop drinking milk and switch to foods like fruit, vegetables, nuts and grains?

Broken record

OPINION: It seems that our friends at Greenpeace are never satisfied.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter