New Zealand might have to hold out, to get the best possible deal from a trade agreement with India

Chris Luxon and Winston Peters are expected to head there for talks this year, but neither will commit to reaching an agreement this term.

Democracy Project geopolitical analyst, Geoffrey Miller, says the world's changed since we last tried to reach a deal, between 2010 and 2015.

He says Australia already has a deal, but probably not one we'd want.

Miller says the Australian deal completely excludes dairy exports, and New Zealand would probably have to agree to the same if it wants to reach a deal so