FTA talks: Union Commerce and Industry Minister Piyush Goyal visits New Zealand to review progress

Commerce and Industry Minister Piyush Goyal connected Tuesday (November 4, 2025) reached Auckland to conscionable his New Zealand counterpart Todd McClay for reviewing advancement of the negotiations for a proposed Free Trade Agreement (FTA).

"Delighted to beryllium successful New Zealand to reappraisal the advancement of the ongoing FTA (Free Trade Agreement) negotiation," Mr. Goyal said successful a station connected X.

“The 2 countries volition look guardant to expediting the process for a comprehensive, mutually beneficial economical partnership,” helium said.

"I volition besides conscionable manufacture leaders on with investors to research caller avenues for collaboration and concern betwixt our 2 countries," Mr. Goyal added. The 4th circular of India-New Zealand FTA negotiations commenced successful Auckland connected November 3, 2025. The FTA negotiations were formally launched connected March 16, 2025.

India's bilateral merchandise commercialized with New Zealand stood astatine $1.3 cardinal successful 2024-25, registering a maturation of astir 49% implicit the erstwhile year.

India's cardinal goods exports to New Zealand see clothing, fabrics, and location textiles; medicines and aesculapian supplies; refined petrol; cultivation instrumentality and machinery specified arsenic tractors and irrigation tools, auto, robust and steel, insubstantial products, electronics, shrimps, diamonds, and basmati rice.

Major imports are cultivation goods, minerals, apples, kiwifruit, nutrient products specified arsenic lamb, mutton, beverage albumin, lactose syrup, coking coal, logs and sawn timber, wool, and scrap metals.