Mumbai, March 17 -- In a significant step towards deepening economic cooperation, India and New Zealand have officially announced the launch of negotiations for a comprehensive and mutually beneficial Free Trade Agreement (FTA).
The announcement coincides with the bilateral meeting between Indian Prime Minister Shri Narendra Modi and New Zealand Prime Minister Right Honourable Christopher Luxon, reaffirming the commitment of both nations to strengthening trade and investment ties.
The formal initiation of FTA talks was marked by a meeting between India's Minister for Commerce and Industry, Shri Piyush Goyal, and New Zealand's Minister for Trade and Investment, Mr. Todd McClay, on 16 March 2025. This development underscores the shared vision of enhancing economic cooperation, improving market access, and fostering greater supply chain integration.
Deepening a Strong Bilateral Partnership India and New Zealand share a longstanding partnership rooted in: Shared democratic values Strong people-to-people ties Economic complementarities
The launch of FTA negotiations marks a pivotal moment in this relationship, aiming to achieve balanced outcomes that support sustainable growth and mutual prosperity.
With this step, both countries reaffirm their commitment to a resilient and dynamic economic future, setting the stage for expanded trade opportunities and closer economic integration.
Published by HT Digital Content Services with permission from Construction World.