New Delhi, Oct 26 (IANS): There is need for greater economic engagement between India and New Zealand to effectively respond to growing uncertainties of global economy, Prime Minister Narendra Modi said on Wednesday.

In his remarks after holding bilateral talks with visiting New Zealand Prime Minister John Key, Modi said the two countries have agreed to work towards early completion of Comprehensive Economic Cooperation Agreement (CECA). 

"Prime Minister Key and I have had detailed and productive discussions on all aspects of our bilateral engagement and multilateral cooperation," Modi said. 

"We both recognised need for greater economic engagement in order to effectively respond to the growing uncertainties in the global economy... We have agreed to continue to work closely towards an early conclusion of a balanced and mutually beneficial CECA," he added.

Modi also said that food processing, dairy, agriculture and the related areas, including their supply chain, have a lot of scope for cooperation.

Key is on a three-day state visit to India.