Both countries reaffirmed to further strengthen growing bilateral relationships and agreed to cooperate in diverse areas of trade, defence etc.

Key outcomes:-

• Launch of negotiations for Free Trade Agreement (FTA): for mutually beneficial trade agreement and early implementation of cooperation in the digital payments sector.
• Launch of negotiations on Mobility Arrangements for Professionals & Skilled Workers: to support engagement in sectors of innovation, new & emerging technologies.
• New Zealand also joined the Indo-Pacific Oceans’ Initiative (IPOI) & Coalition for Disaster Resilient Infrastructure (CDRI).
  • IPOI was launched by India at 14th East Asia Summit (EAS) in 2019 aimed at regional cooperation & focuses on safety, security and stability of maritime domain.
  • CDRI was launched by India at the United Nations Climate Action Summit in 2019 aims to promote resilience of new and existing infrastructure systems to climate and disaster risks.
• Bilateral documents were also signed on Defence, Authorized Economic Operator - Mutual Recognition Agreement (AEO-MRA), cooperation in fields of Forestry, Education, Sports, Horticulture etc.