India, New Zealand to Enhance Cooperation for Facilitation of UPI System

India and New Zealand on Thursday determined to extend cooperation in areas resembling facilitation of UPI system, well timed decision of commerce points, work visa, and enhancing the banking relations.

Looking at present quantum of bilateral commerce between the 2 nations, each side acknowledged the massive potential and the necessity for bringing in synergy for enhanced financial relations in areas of mutual curiosity.

These points have been mentioned throughout a joint assembly between India and New Zealand with the trade and trade associations of each the nations right here.

The discussions additionally centered on taking ahead the aims of the Joint Trade Committee (JTC), fashioned below the Bilateral Trade Agreement of 1986.

The assembly was co-chaired by the Additional Secretary, Department of Commerce, Rajesh Agarwal, and High Commissioner of New Zealand in India David Pine.

The further secretary “appreciated the positivity in discussion leading to tentative identification of various areas of cooperation including the facilitation of UPI system, carbon credit, package proposal on Kiwi fruits, trans-shipment hub, prioritization of bilateral trade issues for their timely resolution, collaboration on technology issues, cooperation in services such as work visa related issues, improving the banking relations further,” the commerce ministry stated.

It stated that a number of the areas explored by the New Zealand High Commissioner included promotion of Unified Payment Interface (UPI) system, carbon credit score co-operation, and dealing collectively on particular points like the great proposal made by Zespri and prioritization of requests on non-tariff measures for bilateral positive factors.

He additionally emphasised on rising the air connectivity hyperlinks between the nations.