The article explains that the New Zealand-India Free Trade Agreement includes a $20 billion FDI promotion target, clarifying it is not a taxpayer-funded commitment but a policy framework for trade missions and market access support.
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I suspect it's reality, and I mean, maybe I'm being generous, but Damien O'Connor, Labour's Trade Spokesperson, he, you know, was involved in negotiating this deal when Labour was in government. Labour's concern is that under the deal, New Zealand would commit to promoting $34 billion of investment in India over 15 years. Now, that is an extraordinary sum of money. There is no way. A, businesses in New Zealand are going to put $34 billion into India over 15 years. Like, we're simply not going to be able to meet that target. Labour's concern is that the agreement says that, you know, if we don't promote, so not meet the target, but promote that target, India could come back after 15 years and claw back some of the benefits New Zealand received. So Labour's saying, well, there's a real risk actually here for businesses. going into do business with India you know if there's a risk that after 15 years the Indians go oh actually you didn't you didn't uphold your end of the stick around this investment thing and now we're clawing it back
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