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India-New Zealand Trade Could Double in 5 Years With Policy Push: GTRI
India and New Zealand should target doubling bilateral trade over the next five years by cutting tariffs on select goods and boosting cooperation in agriculture and services, GTRI said. It also urged more direct flights, easier visas, and mutual recognition of professional qualifications.
India and New Zealand should aim to double bilateral trade in the next five years by reducing import tariffs on select products. Additionally, there is a need to increase cooperation in sectors such as agriculture. This suggestion was made by the think tank Global Trade Research Initiative (GTRI).
GTRI stated that more direct flights, simplified visa rules, and mutual recognition of professional qualifications would be crucial to boosting services trade between the two countries. This could increase opportunities, particularly in the IT, healthcare, and aviation sectors.
Ajay Srivastava, founder of the agency, said that the two countries could aim to double bilateral trade in the next five years through initial tariff relief on select products, exchange of business delegations, and sectoral cooperation in areas such as agriculture, forestry, fintech, and education.
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