International trade India & New Zealand.

International trade
India & New
Zealand

Contents
Introduction
Potentiality of India
Trade agreements
Key strategic goals
Evaluation of goals
Recommendations
Conclusion
Reference

Introduction
• International trade is an emerging phenomenon.
• Involving more countries with time.
• New Zealand is having diverse competitive
factors to stay relevant in the global market.
• However, partnered country should also be
effective and potential enough to succeed.

Potentiality of India
• India is the second largest country in the world in
terms population.
• Largest country in terms of economic growth.
• New Zealand is having huge potentiality in doing
business in India.
• Free market regulations are being followed in the
country.

Trade agreements
• New Zealand and India are having
free trade agreement.
• India is 1oth largest trading partner
of New Zealand with worth of NZ$
2.5 billion.
• Indian students are huge in number
in New Zealand.
• Both are members of Regional
Comprehensive Economic
Partnership Negotiations (Pio &
Dana, 2014).

Key strategic goals
• Increasing the trade value by minimum 10% by 2020
• Focusing more trading of services from India
• Providing more effective infrastructure for the Indian
students
• Attract skilled employees from India

Evaluation of the goals
• Affordable and quality services are available in
India, which should be accessed to reduce the
operational cost in New Zealand
• Inflow of Indian students is increasing. Thus, they
are one of the major sources of foreign reserves
• India can offer huge number of skilled and
affordable human resources (Chung & Tung, 2013)

Recommendations
• Educational infrastructure including setting up
more world class colleges should be initiated.
• Accommodation and supporting facilities for the
students should be improved.
• No restricted items should be evident between
the two countries.
• Organic products should be exported to India,
where it will find huge market opportunities.

Conclusion
• Potentiality is evident in trading between the two
countries
• Affordable human resources of India and improved
technologies of New Zealand will make up for the
successful trading process
• With both the countries witnessing growth, huge
potentiality is awaiting.

Reference
• Chung, H. F., & Tung, R. L. (2013). Immigrant social
networks and foreign entry: Australia and New
Zealand firms in the European Union and Greater
China. International Business Review, 22(1), 18-31.
• Pio, E., & Dana, L. P. (2014). An empirical study of
Indian entrepreneurs in Christchurch, New
Zealand. International journal of entrepreneurship and
small business, 22(1), 17-35.