India and New Zealand set target to double bilateral trade to Rs 35,000 cr by 2030

New Delhi, Jul 11, 2026 : India and New Zealand today elevated their ties to a strategic partnership and set a five-year target to double their annual bilateral trade in goods and services to 35,000 crore rupees by 2030, following talks between Prime Minister Narendra Modi and his New Zealand counterpart Christopher Luxon in Auckland.

The meeting yielded several concrete outcomes. Key among them were a roadmap to expand ties in the next four years, a framework for enhancing Indo-Pacific maritime cooperation, and a reciprocal logistics support pact between the Indian Navy and the New Zealand Defence Force.

A joint statement following the talks noted that both leaders exchanged views on the Indo-Pacific, reaffirming their shared commitment to a free, open, and prosperous region.

They also emphasised the importance of safeguarding sovereignty, territorial integrity, and the rules-based international order.

The two Prime Ministers called for freedom of navigation and overflight and other lawful uses of the seas, in accordance with international law, particularly the 1982 United Nations Convention on the Law of the Sea.

In line with their focus on boosting cooperation in the Indo-Pacific, the two sides also agreed to establish a maritime security dialogue to strengthen cooperation, coordination and information exchange.

The two leaders welcomed the conclusion and signature of a balanced, comprehensive and mutually beneficial India-New Zealand Free Trade Agreement (FTA). They agreed to work together to ensure its early entry into force and effective implementation.

The joint statement said Mr Modi and Mr Luxon, delving into the West Asia conflict, expressed concern over renewed escalation of tensions and called upon all parties to exercise restraint, de-escalate tensions, and ensure protection of civilians.

They called for full restoration of freedom of navigation and the global flow of commerce through the Strait of Hormuz, while opposing any constraints on shipping.

The two leaders reiterated the importance of dialogue and diplomacy and adherence to international law to achieve a peaceful and lasting solution to the conflict.

They also pitched for bold and effective reform of the United Nations and affirmed their support for the expansion of the Security Council.