India’s High Commissioner to NZ says $33b investment an ‘aspiration’ in free trade agreement, Winston Peters says it’s ‘hard commitment’
Piyush Goyal, the Indian Minister of Commerce, has described this clause as a “clawback measure if investment targets are not met”. She agreed to talk about the FTA, including the Indian Government’s perspective on what was promised regarding the private investment. Asked whether the US$20b of investment was a hard commitment by New Zealand or an aspirational goal, Bhushan said it is “something to aspire towards”. It’s a general aspiration.”To reiterate the query, the Herald again asked if the investment was not a hard commitment for New Zealand to fulfil or face consequences. It’s not a ‘good in principle’ ... It’s a hard commitment,” he said.
Source: New Zealand Herald February 19, 2026 14:31 UTC
