Latest / Early Edition with Ryan Bridge / Edwin Paul: India Business Council Chair on the India FTA showing early signs of growth before coming into force
Transcript
- 0:00Speaker 1: Governments is export is here already experiencing a halo effect
- 0:04Speaker 1: of the India FTA. They've put out a pressure rear
- 0:06Speaker 1: this about this applely exports to India RUP sixty three
- 0:08Speaker 1: percent on last season. Key we for it, grow a
- 0:10Speaker 1: set for big tariff savings. Edwin Paul, India Business Council
- 0:14Speaker 1: Chair with us this morning and was a.
- 0:15Speaker 2: Good morning, good morning, Grahn.
- 0:18Speaker 1: Now look, I'm all for this FTA, but to try
- 0:22Speaker 1: and claim we're already having some kind of impact from
- 0:24Speaker 1: it before the thing's even you know, passed into law
- 0:27Speaker 1: surely is a stretch.
- 0:30Speaker 2: I would beg to disagree, because the business is all
- 0:35Speaker 2: about confidence the contents that the market displaces. Soever since
- 0:40Speaker 2: the talk of the FTA came in, the visitor arrivals
- 0:43Speaker 2: to New Zealand increase people. We've seen delegations happening back
- 0:48Speaker 2: and forth. I'm not surprised, and I think the term
- 0:51Speaker 2: halo is quite right. We are timeless, too early to
- 0:54Speaker 2: count the numbers exactly, but we are seeing the impact already.
- 1:00Speaker 1: And we've I mean, you're rap, we've had delegations going
- 1:02Speaker 1: both ways. What about specific industries, What are you seeing
- 1:06Speaker 1: in particular areas.
- 1:09Speaker 2: Okay, see you the lowest hanging fruit literally I mean
- 1:12Speaker 2: sorry for the pinet that you mentioned. Is we've seen
- 1:14Speaker 2: an increase in apples already and with our defined increase
- 1:19Speaker 2: in quota from fokiri fruit, we know there's going to
- 1:23Speaker 2: be a steady increase on that side. And also specific
- 1:27Speaker 2: to sectors, we had a delegation on agritech which came
- 1:31Speaker 2: to our field days and that was only about a
- 1:33Speaker 2: month ago and I think they even the outcomes were
- 1:36Speaker 2: greater around that. But we're also seeing interest in honey,
- 1:40Speaker 2: in meat, and wood, in technology, innovation, sports teck.
- 1:45Speaker 1: Especially obviously Modi's coming here Friday, very big visit for
- 1:50Speaker 1: our country. Are you Is anyone worried about the noise
- 1:53Speaker 1: from Winston Peters and his zeland?
- 1:55Speaker 2: First, Oh, the noise will always be around such high
- 2:00Speaker 2: level that delegation, and it's not just in India or
- 2:03Speaker 2: New Zealand. Anywhere these leaders go. There's always be some
- 2:06Speaker 2: fringe gentlemen's creating these kinds of issues. We I think
- 2:11Speaker 2: both garments a lerica and the commitment from both the
- 2:15Speaker 2: leaders to actually meet and shake hands would be the
- 2:18Speaker 2: strongest symbol that I mean, the strongest signal that they
- 2:22Speaker 2: would can wrefort to increase business confidence.
- 2:25Speaker 1: All right, thank you very much. Edou and Paul India
- 2:27Speaker 1: Business Council Chair with us this morning.
- 2:29Speaker 2: For more from Early Edition with Ryan Bridge. Listen live
- 2:32Speaker 2: to News Talks it Be from five am weekdays, or
- 2:35Speaker 2: follow the podcast on iHeartRadio