India and New Zealand have formalized a strategic partnership aimed at boosting bilateral trade to ₹35,000 crore by 2030.The agreement, announced during high-level discussions, includes commitments to enhance maritime cooperation, establish joint working groups on counter-terrorism, and sign memorandums of understanding (MoUs) for scientific research and disaster management.Key areas of collaboration include hydrographic data sharing, tourism promotion, and the Global Biofuels Alliance.
The trade target reflects a focus on economic integration, with both nations pledging to streamline supply chains and address disruptions in the Indo-Pacific region.
Additionally, New Zealand has prioritized maritime security under India's Indo-Pacific Oceans Initiative (IPOI), signaling a deeper alignment of strategic interests.The partnership also emphasizes disaster resilience, with agreements to collaborate on earthquake preparedness and coastal hazard mitigation.This marks a significant step in strengthening diplomatic and economic ties between the two nations.
Original title: India, New Zealand elevate ties, target ₹35,000 crore trade by 2030
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