Kolkata - New Zealand is "determined" to conclude negotiations on a Free Trade Agreement (FTA) with India by next year, an official said Tuesday.
"The significance of India is reflected not just in our determination to conclude a successful FTA in the next year or so, but through the development of a collaborative, coordinated New Zealand wide strategy for developing our political, economic and trade ties," Richard White, trade commissioner, office of the New Zealand high commissioner in India, said.
White was adressing a programme organised by the Bengal National Chamber of Commerce & Industry (BNCCI) here.
Negotiations between the two countries for the pact had commenced in April 2010 and seven rounds of talks already took place.
Bilateral trade between the two countries is expected to reach $2 billion by 2015 from the current levels of about $1 billion.
Major export items from New Zealand include coal, timber, wool and dairy products, while key items of import from India are jewellery articles, diamonds, garments and footwear.
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