After the "productive" talks between the two Prime Ministers, the two sides inked three pacts including one pertaining to Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and decided to establish Foreign Minister-level dialogue as well as exchanges on cyber issues.
There was no clear word of support on India's entry into 48-nation NSG from the visiting leader, who only said, "New Zealand would continue to contribute constructively to the process currently underway in the NSG to consider India's membership."
Noting that they had a "detailed" discussion on India's NSG bid, Key also said, "New Zealand is committed to working with NSG members to reach a decision as soon as possible."
New Zealand was one of the countries that took the stand at the last NSG plenary in South Korea in June that no exception can be made in the case of India, a non-NPT country, while considering its membership bid of the elite group that regulates trade in nuclear material. At the plenary, despite strong US support, China had blocked India's bid on the ground that it was a not a signatory to the Nuclear Non- Proliferation Treaty (NPT).
According to the joint statement, the two Prime Ministers agreed to enhance cooperation, bilaterally as well as in the framework of UN and especially in 1267 Committee, to combat the full spectrum of terrorist threats in all their forms and manifestations.
Asserting that trade and investment ties were one of the
key areas during the talks, Modi said they recognised the need for greater economic engagement in order to effectively respond to the growing uncertainties in the global economy.
Identifying food processing, dairy and agriculture, and related areas in their supply chain as some of the areas of particular potential for bilateral cooperation, Modi said New Zealand's strength and capacity in these sectors can combine with India's vast technology needs to build partnerships that can benefit both the societies.
"We also agreed that actions by both governments should also promote greater business connectivity, including through movement of skilled professionals, between our two economies and societies.
He further added that along side extensive bilateral engagement, the bilateral cooperation also extends to the global arena.
On regional issues, the two sides have agreed to enhance cooperation, including in the East Asia Summit process.
Noting that reform of international governance institutions is a shared priority for both of them, Modi said, "We are thankful for New Zealand's support to India joining a reformed UN Security Council as a permanent member.
"As we make our own contribution to the developmental efforts of the Pacific Island countries, we will continue to consult closely with New Zealand to complement and supplement each other's efforts."
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