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India, New Zealand resume FTA negotiations after a decade
March 17, 2025
|Financial Express Mumbai
AFTER A GAP of nearly 10 years, India and New Zealand on Sunday announced resumption of negotiations for a proposed free trade agreement (FTA) to boost economic ties.
The announcement came on the eve of the meeting between Prime Minister Narendra Modi and New Zealand Prime Minister Christopher Luxon, who is on a four-day visit to India from Sunday. The announcement came after a meeting between commerce minister Piyush Goyal and New Zealand's minister of trade and investment Todd McClay.
"The India-New Zealand FTA negotiations aim to achieve balanced outcomes that enhance supply chain integration and improve market access," a commerce ministry statement said.
"Wonderful to meet my friend Todd McClay, New Zealand's trade minister. With bilateral trade continuing to grow steadily, surpassing $1 billion during April-January 2025, the FTA negotiations aim to unlock new avenues for businesses and consumers, fostering mutual growth and prosperity of our nations," Goyal posted on 'X'.
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