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NZ trade ministry allays India’s dairy import fears

02 March 2020

INDIA - New Zealand has said there is no prospect of New Zealand flooding the Indian market with or without a trade agreement, seeking to allay New Delhi’s fears on dairy imports.

The country's minister for trade and export growth David Parker said New Zealand is keen to address India’s concerns on the Regional Comprehensive Economic Partnership (RCEP) trade agreement and its preference is to proceed with the pact with India in the trade grouping.

"There is no prospect of New Zealand flooding the Indian market with or without an FTA," Mr Parker told ET.

New Zealand is a member of RCEP and was pushing for opening up of India’s dairy sector, triggering fears of dumping of dairy products from milk-surplus countries Australia and New Zealand. Opening up of the dairy sector was one of the key concern areas for India in the RCEP talks.

On the issue of restarting the talks for a bilateral trade pact, he said: "The bilateral free trade agreement was put on a back burner ever since we been negotiating RCEP."

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Source: The Economic Times

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