New Zealand and India have agreed on a comprehensive free trade deal that reduces tariffs on 95% of New Zealand's exports, with Labour indicating potential support to secure parliamentary backing.
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It's certainly contingent on what the information shows. What we're worried about is there are some provisions in the agreement that are new. They're not in previous trade agreements and we're worried about the implications of some of those, particularly the requirement for New Zealand businesses to invest over $30 billion New Zealand dollars in India in the next 15 years or they'll claw back the provisions and the concessions that they're giving us. That is a concern. So the government's estimate. is that we'll get about a billion dollars a year worth of benefits while 30 billion dollars a year over 15 years that's two billion dollars going the other way so how is it that we basically to earn a dollar we have to spend two dollars this is the stuff that we're trying to understand
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delaying decision until risk is fully understood
Chris Hipkins: Labour leader says party waiting for legal advice before India trade deal decisionSocial-media signal on the same topic, drawn from the social lens. Engagement is likes + 2×shares + 3×replies, the same weighting used across the digest cards. View on /social →
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