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India and New Zealand should address market access issues for goods, promote collaborations in key sectors, and work on improving connectivity with an aim to boost bilateral trade, which is just USD 1.5 billion, think tank GTRI said on Sunday. Both countries should set a target to double two-way trade within five years by identifying products for early tariff relief and organizing business delegations and roadshows in India, it said. It also said that India's proposed free trade agreement with New Zealand would have limited benefit to domestic companies as they are already enjoying duty free access to a significant number of goods in that market. New Zealand's average import tariff is just 2.3 per cent, compared to India's 17.8 per cent. Besides, 58.3 per cent of New Zealand's tariff lines (or product categories) are duty-free, meaning Indian products already enjoy significant access without a trade pact in the New Zealand market, the Global Trade Research Initiative (GTRI) said.
Mistakes by members of the crew caused a New Zealand navy ship to plow into a reef off the coast of Samoa, where it caught fire and sank, according to the preliminary findings of a military Court of Inquiry released Friday. The ship's crew did not realise autopilot was engaged, believed something else had gone wrong with the ship, and did not check the HMNZS Manawanui was under manual control as it maintained course toward land, a summary of the inquiry's first report said. The full report has not been made public. All 75 people on board the vessel evacuated safely as the boat foundered about 1.6 kilometers (a mile) off the coast of Upolu, Samoa, in October. The ship was one of only nine in New Zealand's navy and was the first the country lost at sea since World War II. Officials did not know the cause of the sinking at the time, and Chief of Navy Rear Admiral Garin Golding ordered a Court of Inquiry to investigate. The direct cause of the grounding has been determined as a series
A proposed law that would redefine New Zealand's founding treaty between the British Crown and Maori chiefs has triggered political turmoil and a march by thousands of people the length of the country to Parliament to protest it. The bill is never expected to become law. But it has become a flashpoint on race relations and a critical moment in the fraught 180-year-old conversation about how New Zealand should honour its promises to Indigenous people when the country was colonised -- and what those promises are. Thousands of people were gathering in the capital, Wellington, on Tuesday morning for the final stretch of the weeklong protest -- a march through the city streets to Parliament. It follows a Maori tradition of hikoi, or walking, to bring attention to breaches of the 1840 Treaty of Waitangi. Considered New Zealand's founding document, the treaty was signed between representatives of the British Crown and 500 Maori chiefs during colonisation. It laid out principles guiding the