India and New Zealand Aim to Double Bilateral Trade, Sign 18 Key Agreements

June 27, Kathmandu – India and New Zealand have set a target to double their bilateral trade by 2030. Both nations plan to expand trade volume to approximately NPR 35 billion. Indian Prime Minister Narendra Modi met with New Zealand Prime Minister Christopher Luxon on Friday in Auckland, where they signed 18 significant agreements, including 10 formal contracts.

Both countries expressed their commitment to implementing a Free Trade Agreement (FTA) as soon as possible. During their discussions, Modi and Luxon voiced deep concern over the ongoing conflict in West Asia and appealed to all parties to exercise restraint, reduce tensions, and prioritize the safety of civilians. According to a joint statement, they called for complete freedom of navigation through the Strait of Hormuz and the restoration of trade routes. They also opposed any disruptions in maritime shipping areas.

The two leaders emphasized that peaceful and lasting resolution of conflicts requires dialogue, diplomacy, and adherence to international law. Prime Minister Modi was on a tour of three countries from July 6 to 11. He visited New Zealand in the final leg of his trip and is scheduled to return to New Delhi today.