Press Esc to close
Friday 27 February 2015
News updated at 5:03 PM IST
Weather
Max: 31.7°C
Min : 16.9°C
In Bengaluru
clear sky

Easing tariff barriers key to Indo-NZ trade

Bangalore, April 6, 2013, DHNS:
New Zealand Consul General & Trade Commissioner Gavin Young in Bangalore on Friday.

The Free Trade Agreement (FTA) between India and New Zealand, discussions for which commenced in January 2010, has a long way to go, given that the two countries are yet to thrash out tariff-related issues to double bilateral merchandise trade to NZ$2 billion by 2015.

The Consul General & Trade Commissioner of New Zealand, Gavin Young, on the sidelines of an event, told Deccan Herald, “Traditionally, India has been very restrictive on what food items it allows and the tariffs thereon; we would like to see some of these restrictions eased. India too, wants some tariff reduction on some products.”

While declining to commit to a deadline for the FTA, he was optimistic that bilateral trade, especially of merchandise items, would go up once the FTA is finalised. “We did an FTA with China in 2008 and the two-way trade growth has been phenomenal. From third position, China is now our second-largest trading partner.” India ranks 17th among bilateral trading partners for New Zealand.

Among many items, New Zealand has been keen on reduction in import duty on apples, currently at about 50 per cent. The Chief Executive of Pipfruit, New Zealand’s apples and pears promotion body, Alan Pollard, said, “It is a matter of discussion. Certainly we want to see reduction in import duty on apples.”

He added that New Zealand exported 1 million cartons of apples in 2012, up from 6,50,000 cartons in 2011. For the year ended June 2011, apples constituted 2.6 per cent of New Zealand’s exports to India, at NZ$24.3 million.

The bulk of apples imported into India comes from the US and China, about 80 per cent, while New Zealand, Australia and other countries account for the rest.
Import of fruits have been on the rise in India; from $370 million in 2010-11 - with apples, pears and quinces accounting for almost half of it – to $464 million in 2011-12, according to Union Ministry of Commerce data.
DH News Service


Go to Top

Photo Gallery
Students march and light flares during the second day of student strike in Madrid, Spain...

Students march and light flares during the second day of student strike in Madrid, Spain...

Indian Weightlifter Kailash Sarma and Modhusmrita Baruah displaying their gold medals...

Indian Weightlifter Kailash Sarma and Modhusmrita Baruah displaying their gold medals...

Bollywood actor Shatrughan Sinha and singer Sonu Nigam during the success party of the later's album

Bollywood actor Shatrughan Sinha and singer Sonu Nigam during the success party of the later's album

Church attack at Ullal, Mangalore...

Church attack at Ullal, Mangalore...

The Solar Impulse 2, a solar-powered plane, flies over the Sheikh Zayed Grand Mosque in Abu Dhabi...

The Solar Impulse 2, a solar-powered plane, flies over the Sheikh Zayed Grand Mosque in Abu Dhabi...

Abihimanyu Mithun during a Ranji Trophy Semi-final match at KSCA in Bengaluru...

Abihimanyu Mithun during a Ranji Trophy Semi-final match at KSCA in Bengaluru...

An Indian ragpicker waits for a train to pass by as he tries to cross railway tracks in New Delhi...

An Indian ragpicker waits for a train to pass by as he tries to cross railway tracks in New Delhi...

People travel at the doorway of a crowded local train on the outskirts of Kolkata, India...

People travel at the doorway of a crowded local train on the outskirts of Kolkata, India...

An Indian passenger sits on the lap of another man as he travels in a crowded local train...

An Indian passenger sits on the lap of another man as he travels in a crowded local train...

.Indian passengers hang from the doors of the coaches of a crowded local train...

.Indian passengers hang from the doors of the coaches of a crowded local train...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523