India-New Zealand Trade Talks: Steps Toward a New Economic Partnership

Commerce and Industry Minister Piyush Goyal visits New Zealand to meet with counterpart Todd McClay, focusing on progressing the India-New Zealand Free Trade Agreement negotiations. Both countries aim to expedite a comprehensive economic partnership, with Goyal also set to meet industry leaders to explore investment opportunities.

Commerce and Industry Minister Piyush Goyal has arrived in New Zealand for discussions with his New Zealand counterpart, Todd McClay, to review negotiations on a proposed free trade agreement.

In a post on X, Goyal expressed his enthusiasm for expediting the FTA process, aiming for a mutually beneficial partnership. He plans to engage with industry leaders and investors to identify collaborative opportunities.

The fourth round of talks began on November 3 in Auckland, as India-New Zealand bilateral trade reached USD 1.3 billion in 2024-25, growing nearly 49% year-over-year, with exports including textiles and medicines, while major imports include lamb and coking coal.

(With inputs from agencies.)