New Zealand and India Resume FTA Talks After a Decade

The decision was announced following discussions between New Zealand’s Trade and Investment Minister Todd McClay and India’s Commerce and Industry Minister Piyush Goyal in Wellington. Both ministers emphasized the need for a balanced trade deal that would boost economic cooperation, supply chain integration, and investment. New Zealand Prime Minister Christopher Luxon highlighted India’s significance as a key trade partner, given its status as the world’s fifth-largest economy. He stated that strengthening ties with India is crucial for their exporters, and the agreement could unlock major opportunities.

The negotiations will focus on tariff reductions, investment opportunities, and expanding trade in key sectors such as agriculture, technology, and services. Officials from both countries are optimistic about reaching an agreement that benefits their economies.