Misunderstanding or cover up? Winston Peters says New Zealanders need reassurance on India FTA commitment

New Zealand's Foreign Minister Winston Peters has voiced concerns over the precise wording used in a Free Trade Agreement (FTA) with India, specifically regarding a commitment of $20 billion over the next 15 years. Peters stated that the language used should be handled more professionally, following confusion between the terms "invest" and "promote."

The issue surfaced during Indian Prime Minister Narendra Modi's brief visit to New Zealand. Bilateral discussions were held with New Zealand counterpart Christopher Luxon. The discrepancy in wording has led Peters to assert that New Zealanders require reassurance about the commitment outlined in the FTA.

While the article does not detail the specific implications of using "invest" versus "promote," Peters's emphasis on the wording suggests a potential concern about the nature or certainty of the financial commitment. The minister's public statement indicates a desire for clarity and precision in international agreements.

“

The FTA should be handled more professionally after confusion between commitment to 'invest' or 'promote' $20 billion to India in next 15 years.