India and NZ conclude productive FTA talks, aiming for deeper trade ties, supply-chain resilience, and stronger market access.
In a major boost to India’s global trade engagement, the fourth round of negotiations for the India–New Zealand Free Trade Agreement (FTA) concluded successfully this week in Auckland and Rotorua, wrapping up five days of constructive economic dialogue.
Union Commerce & Industry Minister Shri Piyush Goyal and New Zealand’s Trade Minister Todd McClay applauded the steady progress made, reaffirming their shared resolve to work towards a modern, future-ready, and comprehensive trade pact that strengthens economic cooperation.
Delegations from both nations held detailed discussions across key areas, including:
✅ Trade in goods
✅ Trade in services
✅ Economic and trade cooperation
✅ Rules of origin
The negotiations reflect a proactive commitment to building a mutually beneficial partnership that promotes resilient, inclusive, and sustainable growth.
Guided by the leadership vision of Prime Minister Narendra Modi, India continues to deepen strategic trade relationships that support global prosperity, secure supply chains, and foster greater opportunities for businesses.
Notably, India’s bilateral merchandise trade with New Zealand reached USD 1.3 billion in FY 2024–25, posting an impressive ~49% year-on-year growth. The proposed FTA is anticipated to unlock expanded potential in agriculture, food processing, renewable energy, pharmaceuticals, education, and services, creating a broader canvas of opportunities for both businesses and consumers.
Both nations have agreed to maintain momentum through inter-sessional work, advancing chapter-wise discussions with the shared goal of reaching early convergence on a balanced, mutually advantageous trade agreement.
As negotiations progress, industry stakeholders anticipate stronger investment linkages, improved market access, and greater predictability, especially for sectors dependent on diversified supply chains. With optimism building, the India–New Zealand FTA is shaping up to be a significant milestone in strengthening Indo-Pacific economic resilience.
Source: PIB
