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Goyal arrives in New Zealand to review progress of FTA talks

Goyal arrives in New Zealand to review progress of FTA talks

Union Commerce and Industry Minister Piyush Goyal arrived in New Zealand on Tuesday to review the progress of negotiations for the proposed India–New Zealand Free Trade Agreement (FTA). During his visit, Goyal will meet New Zealand’s Minister for Trade, Todd McClay, to assess the advancement of discussions and explore ways to accelerate the process toward a comprehensive economic partnership.“Delighted to be in New Zealand to review the progress of the ongoing FTA negotiation,” Goyal said in a post on X shortly after his arrival. He added that both countries would aim to “expedite the process for a comprehensive, mutually beneficial economic partnership.”


The Minister is also scheduled to meet industry leaders and investors to identify new opportunities for collaboration and investment between India and New Zealand.The fourth round of FTA negotiations between the two nations commenced in Auckland on November 3, following the formal launch of the talks on March 16, 2025. Officials from both sides are expected to deliberate on key areas including market access, investment promotion, services trade, and standards cooperation.India’s bilateral merchandise trade with New Zealand reached USD 1.3 billion in FY 2024–25, marking a sharp 49% growth over the previous year.
India’s key exports to New Zealand include clothing, fabrics, home textiles, pharmaceuticals, refined petrol, and agricultural machinery such as tractors and irrigation tools. Other notable exports are automobiles, iron and steel, paper products, electronics, shrimps, diamonds, and basmati rice.Meanwhile, India’s major imports from New Zealand comprise agricultural products, minerals, apples, kiwifruit, lamb, mutton, milk derivatives such as albumin and lactose syrup, coking coal, timber, wool, and scrap metals.

(Business Correspondent)

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