India has achieved another major diplomatic success on the global trade front. The joint announcement of the India-New Zealand Free Trade Agreement (FTA) was made during a telephone conversation between Prime Minister Narendra Modi and New Zealand Prime Minister Christopher Luxon. This agreement will not only give a new height to the economic relations between the two countries, but also strengthens India’s alternative global partnerships in the era of America’s protectionist trade policies.

Historic agreement completed in 9 months
Negotiations on FTA between India and New Zealand started in March 2025, when Prime Minister Lakson visited India. The completion of this free trade agreement in a record time of just 9 months reflects the political will and strategic understanding of both the countries.

Target to double business in five years
Both leaders agreed that after the implementation of the FTA, the existing bilateral trade will be doubled in the next five years. This will give new impetus to trade, investment, innovation and supply chain cooperation between India and New Zealand.

20 million dollar investment in India in 15 years
Under this agreement, New Zealand will invest 20 million dollars in India in the next 15 years. This investment will create opportunities in sectors like agriculture, dairy, food processing, education, technology and startups.

India’s seventh biggest FTA, global network strengthened
This agreement with New Zealand is India’s seventh major FTA in the last few years. Earlier, India has made such agreements with Oman, UAE, UK, Australia, Mauritius and EFTA countries (European Free Trade Bloc). This series shows that India is rapidly emerging as a reliable global trade hub.

US President Donald Trump is trapped in the weaving woven by Turk’s President Erdogan. European country Spain has canceled the deal with the US 5th generation fighter Jet F-35, while now he is showing interest in Turk’s fighter jet kaan. Spain took this decision at a time when many countries, including Canada, Portugal and Switzerland, are re-considering the Deal of F-35.

The countries that had deals with the US for F-35 are thinking about it again due to the accidents in recent months. One of these countries is Spain, which has canceled the deal with the Stealth Fighter Jet F-35. The reasons behind this include tariffs imposed by the US, U-turn on Ukraine, reducing dependence on America on Europe’s defense.
Spain was eyeing Eurofighter

In 2023, Spain had set 6.25 billion euros i.e. about 7.24 billion dollars to buy new fighter jets from its budget. At that time Spain had talked about choosing between Europe Eurofighter Typhoon and Future Combat Air System (FCAS). Let us know that FCAS is a joint program of France, Germany and Spain, which is the 6th generation fighter jet. The Ministry of Defense of Spain had said that Spain is included in Eurofighter and future FCAS.

Why did Spain focus on 5th generation fighter jet?

Why is Spain who is involved in the sixth generation fighter jet program is now focusing on the 5th generation fighter jet. Actually, the construction of the sixth generation fighter jet FCAS will start by the year 2040. Dassault Aviation, a French company involved in this program, is creating controversy, due to which the plan is being delayed. Therefore, the focus of Spain is currently on the 5th generation fighter jet. That is why he had earlier shown interest in F-35, but now he is considering dealing for Turki Kaan.

Erdogan himself wants F-35 fighter jet

Erdogan is circling America for the same F-35, which has tricked Spain with the fighter jet F-35, which has tricked Spain with the Fighter Jet F-35. In fact, the US had separated the Turkas from F-35 as it bought Russia’s S-400 air defense system. Such reports were also revealed that the Turki had also appealed to Russia to withdraw S-400, so that it could achieve F-35 from America.