India-New Zealand FTA Negotiations Progress

Union Minister of Commerce and Industry, Piyush Goyal, met with New Zealand's Trade Minister, Todd McClay, in Mumbai to advance the India-New Zealand Free Trade Agreement (FTA) negotiations. Both sides reported significant progress, with bilateral trade reaching USD 1.3 billion in FY 2024-25, a 49% increase. The FTA aims to enhance trade flows, investment linkages, and supply-chain resilience, unlocking opportunities in various sectors including services and technology. The ministers expressed commitment to concluding the agreement soon.

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