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India and New Zealand connected Friday (December 12, 2025) discussed ways to fast-track negotiations for the projected Free Trade Agreement (FTA) betwixt the 2 countries.
New Zealand Trade Minister Todd McClay is present to reappraisal the advancement of negotiations with Commerce and Industry Minister Piyush Goyal.
After the bilateral meeting, Mr. Goyal said successful a societal media post,"We discussed cardinal aspects of the India-New Zealand FTA and explored ways to beforehand the negotiations for the communal payment of some countries".
Held an engaging gathering with my person & New Zealand's Minister of Trade and Investment, Todd McClay.
We discussed cardinal aspects of the India-New Zealand FTA and explored ways to beforehand the negotiations for the communal payment of some countries. 🇮🇳🇳🇿 pic.twitter.com/TiOGbXonYE
The talks were formally launched connected March 16, 2025. So far, 4 rounds of talks person been completed.
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.
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The projected FTA is expected to further boost commercialized flows, beforehand concern linkages, fortify proviso concatenation resilience, and make a predictable model for businesses successful some countries.
New Zealand's mean import tariff is conscionable 2.3%.
In a escaped commercialized agreement, 2 countries either importantly trim oregon destruct customs duties connected the maximum fig of goods traded betwixt them. They besides easiness norms to beforehand commercialized successful goods and services.
India and New Zealand began negotiating the Comprehensive Economic Cooperation Agreement (CECA) successful April 2010 to boost commercialized successful goods, services and investment. After 9 rounds of discussions, however, the talks stalled successful 2015.
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.
The main 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.
