NEW ZEALAND MINISTER MEETS OMAR ABDULLAH
Date : 20 Nov 2000
Location : New Delhi
Mr. Jim Sutton, Minister of Trade Negotiations of New Zealand, met Shri OmarAbdullah, Minister of State for Commerce and Industry, here today anddiscussed bilateral trade cooperation. At a luncheon meeting hosted by Shri Abdullah for the New Zealand delegation headed by Mr. Sutton, the twoMinisters underlined the need to expand bilateral trade by diversifying the respective basket of export items and stepping up investments in various
sectors. Shri Abdullah pointed to the need for enhanced market access for Indian agricultural items in the developed countries in general as also for increased access to the New Zealand market for products of specific interest to India such as textiles and footwear. Proposals for cooperation between India and New Zealand in the area of food processing also figured in the discussions. Bilateral trade between India and New Zealand in 1999-2000 stood at US $ 160.48 million showing an increase of over 10 per cent over 1998-99, but the balance of trade continues to be in favour of New Zealand. Mr. Sutton is on an official visit to India from 14 to 20 November, 2000. Shri Prabir Sengupta, Commerce Secretary and Shri V.K. Duggal, Additional Secretary, Ministry of Commerce & Industry participated in the discussions with the New Zealand delegation.
Later, Brig. Gen. Pyi Sone, Minister for Commerce of Myanmar, called on Shri Abdullah. Both sides endorsed the need to put in place an institutional mechanism for promoting bilateral trade and agreed to work out the modalities for the establishment of a Joint Trade Committee as well as a Joint Business Council between India and Myanmar.