Will India ink a free trade agreement with NZ?
Beef+Lamb New Zealand (B+LNZ) has welcomed the New Zealand Government's announcement that comprehensive free trade agreement (FTA) negotiations have formally commenced with India.
McClay told the US Business Summit in Auckland today that a free trade deal (FTA) with India is “some unfinished business” for NZ.
He notes that countries including Australia have done trade deals with India recently.
“Some of these deals are at different scales, but we can’t be left behind,” he says.
Trade Missions are a priority for the new Government. McClay hopes to lead more trade missions in the next three years than any other previous governments.
He says NZ has 15 FTAs in place and the Government will also look at how to improve these deals.
“But first we have to look at how we can sell more of our products overseas,” he says.
“We have to roll up our sleeves and start selling some more.”
McClay says he has asked his officials for a list of potential countries where trade missions could be led.
He says the Government wants to start trade missions straight away rather than leaving it until the final year, just before the next elections.
“I will be visiting India before the end of the year: we made a commitment to do this during the election campaign and we will honour that commitment.”
