India and New Zealand have agreed to work towards doubling two-way trade in goods and services by 2030, as the two countries strengthen economic cooperation under a new strategic partnership framework.

The trade target is part of a broader Roadmap to 2030 announced by Indian Prime Minister Narendra Modi and New Zealand Prime Minister Christopher Luxon, covering areas including investment, technology, education, agriculture, tourism and maritime cooperation.

The two countries are aiming to increase bilateral trade to NZ$7 billion (about ₹35,000 crore) by 2030. Current two-way trade is estimated at around NZ$3.95 billion annually, according to New Zealand’s Ministry of Foreign Affairs and Trade.

Officials said implementation of the India-New Zealand Free Trade Agreement will be central to achieving the target by improving market access and reducing trade barriers. The agreement is expected to create new opportunities for exporters in sectors such as agriculture, services, manufacturing and technology.

The partnership comes as India expands economic links across the Indo-Pacific, while New Zealand seeks greater trade diversification and stronger connections with major emerging markets. The two nations also highlighted cooperation in areas beyond commerce, including defence, security and people-to-people links.

For Pacific countries, closer India-New Zealand economic ties could have wider regional significance, particularly as both nations remain active partners in the Indo-Pacific region. The impact on Pacific trade and investment opportunities will depend on how future cooperation develops.

The two governments have said they will continue working through agreed frameworks to support businesses and ensure the trade target is achieved by 2030.