Mumbai, May 12 -- Ministry of Commerce & Industry has stated in a latest update that in a major step towards expanding bilateral trade and investment engagement, the first round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded successfully. The First Round followed a series of virtual discussions held between both partners which laid the groundwork for the in-person meeting. Constructive negotiations were held across all areas of FTA including Trade in Goods and Services, Trade Facilitation and mutually beneficial sectors of economic co-operation. This engagement highlights the strategic importance both partners attach to building a mutually beneficial, balanced and a fair-trade agreement.

The bilateral trad...