India, New Zealand Target ₹35,000 Crore Bilateral Trade by 2030, Fast-Track Free Trade Agreement

India and New Zealand have agreed to significantly strengthen bilateral ties by targeting ₹35,000 crore in trade by 2030, accelerating Free Trade Agreement negotiations, and expanding cooperation across several strategic sectors.

Wellington | July 11, 2026

India and New Zealand have reaffirmed their commitment to deepening strategic and economic relations during Prime Minister Narendra Modi’s official visit to New Zealand. On the second day of the high-level visit, the two countries unveiled a series of initiatives aimed at expanding bilateral cooperation, boosting trade, and strengthening partnerships across key sectors.

A major outcome of the discussions was the decision to set an ambitious target of increasing bilateral trade to nearly ₹35,000 crore by 2030. To support this objective, both nations agreed to expedite negotiations for a Free Trade Agreement (FTA), which is expected to improve market access, encourage investment, reduce trade barriers, and create new business opportunities for companies in both countries.

The leaders also agreed to broaden collaboration beyond trade by focusing on sectors critical to sustainable economic growth. These include agriculture, dairy, tourism, maritime cooperation, skill development, clean energy, innovation, and emerging technologies. The expanded partnership is expected to facilitate knowledge sharing, technological collaboration, and greater private-sector participation.

Officials from both countries noted that stronger engagement in these areas would not only enhance economic cooperation but also contribute to employment generation, sustainable development, and improved connectivity between businesses and institutions. Increased collaboration in clean energy and innovation is also expected to support long-term environmental and technological goals.

The agreements reached during the visit underscore the growing importance of India-New Zealand relations in the Indo-Pacific region, where both countries share common interests in regional stability, economic resilience, and sustainable growth. The visit also reflects the mutual commitment of New Delhi and Wellington to build a stronger and more comprehensive strategic partnership.

Government officials expressed confidence that the decisions announced during the visit would accelerate bilateral trade, promote investment, strengthen diplomatic engagement, and create new opportunities for cooperation across multiple sectors. The outcomes are expected to further reinforce the longstanding relationship between the two democracies while laying the foundation for expanded economic and strategic collaboration in the years ahead.

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