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NZ, India Ink Aviation Agreement

by Mary Swire, Tax-News.com, Hong Kong

22 October 2012


India and New Zealand have signed an aviation agreement, seen as an important step in fostering collaboration and trade in the sector.

The deal was inked by the New Zealand High Commissioner Jan Henderson and the Indian Secretary of Civil Aviation, Shri K.N. Srivastava.

According to New Zealand's Economic Development Minister Steven Joyce, the rapid growth of the Indian aviation market provides key opportunities for New Zealand companies involved in aviation. It is expected that India will become the third largest civil aviation market in the world by 2020, with domestic traffic projected to grow from 46m to 90m passengers per year and international traffic from 34m to 90m passengers per year over the same period.

Joyce added that the Aviation Agreement will strengthen the bilateral business relationship between New Zealand and India and will encourage greater training and technical cooperation in aviation.

 

TAGS: business | India | aviation | agreements | New Zealand | trade

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