Nzd usd

[Daytr]

I agree it would be good to diversify NZs trade but my question is does that increase trade overall? Perhaps some the rest will be transferred from one to the other. Trade with India may also create some trade tension with China as NZ has a pivotal role in the global dairy markets.

Can NZ produce more? Perhaps of some products.

Having had dealings with both China & India in the gold market, I know where I would rather direct my attention. Negotiations with Indians are exhausting and particularly frustrating and from my experience not worth the investment of time & energy.

[beacon]

Having had dealings with both China & India in the gold market, I know where I would rather direct my attention. Negotiations with Indians are exhausting and particularly frustrating and from my experience not worth the investment of time & energy.

It was the same with China, and remains so. See how long, contentious, crafty and cumbersome their border / trade negotiations are with their neighbours/ trade partners. How they get patents, what they did to Fonterra IP and what their reputation in WTO is, etc.

I don't know how long your experience in dealing with both nations is, or how recent - but I see India is changing. Remarkable has been its rise in repute, involvement in International organisations, conduct during Covid, and improvements in "ease of doing business" etc. According to the World Bank, India ranked 63rd in 2022 in ease of doing business across the world among 190 countries, improving its rank from 142 in 2014. Back in 2018, the Modi government also pledged to take the country to the top 50 in EoDB rankings. https://inc42.com/buzz/economic-surv...oDB%20rankings.

Anyway, India or China - no gain, without at least some pain. I never said making money is easy. But India is the lowest hanging fruit for NZ, IMO.