MoU between India and New Zealand

India and New Zealand signed Memorandum of Understanding (MoU) to boost cooperation in Civil Aviation.

About the MoU:

• The MoU will cover the scheduling of new routes, code share services, traffic rights and capacity entitlement.
• It will boost the bilateral ties in civil aviation between the two countries.
  • An Air Services Agreement was signed between New Zealand and India in 2016.
• The designated airline(s) of New Zealand may operate any number of services with anytype of aircraft, with third and fourth freedom traffic rights to/from six points in India.
  • The third freedom is the right to carry passengers or cargo from one’s own country to another.
  • The right to carry passengers or cargo from another country to one’s own is the fourth freedom.
• Both parties may operate any number of all-cargo services with any type of aircraft with 3^rd, 4^th and 5^th freedom traffic rights to/from any points in the territory of the other party via any intermediate point(s) and to any beyond point regardless of its mention in the Route Schedule.
  • The 5^th freedom is the right to carry passengers from one’s own country to a second country, and from that country onward to a third country (and so on).

Bilateral ties between indie and New Zealand (NZ):

Trade:

• India is NZ’s 11th largest two-way trading partner with total two-way trade valued at US$1.80 Billion during 2020.
• Education and tourism are NZ’s growth sectors with India.
• Indian students are the 2nd largest source of international students for NZ.

• India imports logs and forestry products, wood pulp, wool and edible fruit & nuts from NZ.
• Indian exports to NZ mostly are pharmaceuticals or medications, precious metals and gems, textiles and motor vehicles and non-knitted apparel and accessories.
• The India New Zealand Business Council (INZBC) plays a critical role in enhancing trade and investment ties between India and New Zealand.

Cooperation in Education Sector:

• An MoU was signed with the universities in NZ to establish a NZ centre at the institute in, 2020 in areas such as cancer, waste management, cyber security, robotics, autonomous vehicles, and medical technology.
• In 2019, an agreement was signed to offer joint PhD programmes in areas- computational modelling, cyber security, advanced materials, precision-driven medicine, and cancer research.

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