India and New Zealand signed 'Customs Cooperation Agreement', trade between the two countries will be easier

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President 'Draupadi Murmu' held high-level bilateral talks with New Zealand Prime Minister 'Christopher Luxon' and Deputy Prime Minister and Foreign Minister 'Winston Peters' at Government House in Wellington.

These discussions covered a wide range of topics of importance to both countries, reflecting their shared interests and commitment to deepening relations.

The agenda included key areas such as customs cooperation, traditional medicine and renewable energy, indicating the strategic importance of these issues in the evolving relationship between India and New Zealand.

Customs Cooperation Agreement

One of the most important outcomes of these discussions was the signing of a bilateral customs cooperation arrangement. The agreement is set to play a key role in simplifying and streamlining trade between India and New Zealand.

By enhancing customs procedures, the agreement aims to reduce barriers and create a smooth path for the flow of goods between the two countries. The move is expected to give a significant boost to bilateral trade, open up new opportunities for businesses and strengthen economic ties.

Renewable Energy Cooperation

In another significant development, New Zealand has ratified the International Solar Alliance (ISA) during the talks. This ratification is a significant step towards promoting cooperation in the renewable energy sector.

ISA is an initiative aimed at promoting solar energy and reducing dependence on fossil fuels. With New Zealand’s participation, both countries are now better positioned to engage in joint research and development projects in renewable energy, contributing to global efforts to combat climate change and promote sustainable energy solutions.

Traditional Medicine Exchange

The discussions also resulted in an agreement on exchange of best practices in the field of traditional medicine. This cooperation will be facilitated through the Global Centre for Traditional Medicine in Jamnagar, India.

The Centre will serve as a platform for sharing knowledge and expertise, allowing both countries to benefit from each other’s rich traditions in natural and holistic healing.

This exchange not only strengthens cultural ties but also contributes to the global recognition and development of traditional medicine practices.

Positive outcome and future cooperation

The bilateral engagement between President Draupadi Murmu and the leaders of New Zealand has concluded on a positive and constructive note. Both countries acknowledged the significant progress made in their relations and expressed a strong commitment to further deepen cooperation.

The discussions highlighted the possibilities of future cooperation in various fields, laying a solid foundation for a stronger and more dynamic partnership.

This meeting is an important milestone in India-New Zealand relations, with both countries set to work together on shared goals and interests.