Home/MARKETS/INDIA/Article
MARKETS

PM Modi praises India-New Zealand FTA as historic milestone for bilateral ties

Prime Minister Narendra Modi hailed the India-New Zealand Free Trade Agreement as a historic milestone during his first visit to New Zealand in 40 years. The deal aims to deepen ties,boost trade,and enhance global security cooperation.

BRIC Team
BRIC Team
Jul 11, 2026 · 2 min read · 9 views
PM Modi praises India-New Zealand FTA as historic milestone for bilateral ties

Key Takeaways

  • Prime Minister Modi's visit to New Zealand is the first by an Indian leader in 40 years, marking a significant diplomatic milestone.
  • Modi praised the swift conclusion of the Free Trade Agreement, calling it a 'global first for such a swift success.'
  • The FTA was initiated during New Zealand Prime Minister Christopher Luxon's visit to India last year, highlighting strong bilateral engagement.
  • Modi's arrival in Auckland on July 10, 2026, was celebrated with a warm embrace from Luxon, showcasing their friendly diplomatic ties.
  • During the visit, Modi emphasized their shared democratic values, stating, 'It is a match made for each other.'

During a historic visit to New Zealand,Prime Minister Narendra Modi on Saturday hailed the new Free Trade Agreement (FTA) as a big step forward in India-New Zealand relations. First Indian PM visit in four decades . Modi called it momentum boost for bilateral ties.

Modi thanked New Zealand Prime Minister Christopher Luxon for quick FTA conclusion,noting it began during Luxon's India visit last year . "The way all of New Zealand united to bring the FTA to fruition in such a short time,perhaps a global first for such a swift success,is remarkable," Modi said in Auckland.

Reflecting on the visit's significance,Modi noted,"This is a landmark in our relationship,one that revitalises our ties and reaffirms our commitment to friendship." He praised New Zealand's warmth and hospitality,saying it was deeply moving.

Modi and Luxon discussed shared democratic values and maritime cooperation in Indo-Pacific. Modi asserted,"Our firm belief in democratic values makes us natural partners. It is a match made for each other." He expressed confidence in their partnership's contribution to global peace.

During talks,Modi recalled Luxon's visit to India during Holi,which "added new colours" to their relationship. "Today,we are binding our relationship through a Strategic Partnership. This milestone will inspire us to push ahead with more vigor."

After the FTA signing in April 2026,Modi's visit aims to enhance trade and ties. The leaders previously met in New Delhi on March 17,2025,during Luxon's India visit.

Later,Modi will meet business and sports figures and address a gathering of the Indian diaspora,strengthening people-to-people ties. MEA said these interactions will solidify relations.

Modi's July 10,2026 arrival in Auckland featured a warm embrace from Luxon,showing their close diplomatic ties. visit,at Luxon's invitation,aims to open new areas of cooperation.

As both countries look ahead,Modi's optimism about their partnership shows a commitment to enhancing trade and tackling global issues. "We can act as catalyst for peace,advocating for peace and working towards global well-being," he concluded . But how far will this partnership really go…

#India

Share this article

Related Articles

Syrians express cautious optimism as sanctions removal boosts economic prospects

Syrians express cautious optimism as sanctions removal boosts economic prospects

President Trump announced Syria's removal from U.S. state sponsors of terrorism list, sparking hope for easing sanctions. This move is seen as a key step toward economic recovery, though many Syrians remain cautious about immediate changes.

BRIC Team

Jul 11, 20260
New Zealand PM Christopher Luxon praises India’s economic growth and seeks stronger trade ties

New Zealand PM Christopher Luxon praises India’s economic growth and seeks stronger trade ties

New Zealand PM Christopher Luxon lauded India's economic growth in a July 2026 meeting with PM Narendra Modi, urging stronger business links. They pinpointed sectors for collaboration and elevated their bilateral relationship to a strategic partnership.

BRIC Team

Jul 11, 20263 views
Gold prices decline 0.2% as Iran tensions and Fed rate outlook weigh

Gold prices decline 0.2% as Iran tensions and Fed rate outlook weigh

Gold prices dipped amid U.S.-Iran tensions and rising oil costs, sparking inflation fears. Spot gold hit $4,114.45 per ounce Friday. Investors eye next week's U.S. inflation data as Fed's rate decisions hang in balance.

BRIC Team

Jul 11, 20265 views
Modi and New Zealand's Ardern announce strategic partnership to double trade by 2030

Modi and New Zealand's Ardern announce strategic partnership to double trade by 2030

India and New Zealand upgraded their ties to a strategic partnership, aiming for ₹35,000 crore trade by 2030 during PM Modi's Auckland visit. The deal includes enhanced defence, maritime security, and counter-terrorism cooperation.

BRIC Team

Jul 11, 20266 views
India's Chief Economic Advisor confirms no mis-estimation of GDP growth in 2019-20

India's Chief Economic Advisor confirms no mis-estimation of GDP growth in 2019-20

India's Chief Economic Advisor, Krishnamurthy Subramanian, refutes claims of inflated GDP growth, countering his predecessor's assertions. The Economic Survey 2020 emphasizes accurate GDP data for investment and calls for better statistical infrastructure.

BRIC Team

Jul 11, 20267 views
Raghuram Rajan and Raj Chetty join panels reviewing US Federal Reserve operations

Raghuram Rajan and Raj Chetty join panels reviewing US Federal Reserve operations

The U.S. Federal Reserve has tapped Raghuram Rajan and Raj Chetty for task forces reviewing its monetary policy. Announced by Chairman Kevin Warsh, these panels will scrutinize various Fed operations to improve effectiveness amid economic shifts.

BRIC Team

Jul 11, 20267 views