India and New Zealand Announce Launch of FTA Negotiations
ECONOMY & POLICY

India and New Zealand Announce Launch of FTA Negotiations

In a significant step towards deepening economic cooperation, India and New Zealand have officially announced the launch of negotiations for a comprehensive and mutually beneficial Free Trade Agreement (FTA).

The announcement coincides with the bilateral meeting between Indian Prime Minister Shri Narendra Modi and New Zealand Prime Minister Right Honourable Christopher Luxon, reaffirming the commitment of both nations to strengthening trade and investment ties.

The formal initiation of FTA talks was marked by a meeting between India’s Minister for Commerce and Industry, Shri Piyush Goyal, and New Zealand’s Minister for Trade and Investment, Mr. Todd McClay, on 16 March 2025. This development underscores the shared vision of enhancing economic cooperation, improving market access, and fostering greater supply chain integration.

Deepening a Strong Bilateral Partnership India and New Zealand share a longstanding partnership rooted in: Shared democratic values Strong people-to-people ties Economic complementarities

The launch of FTA negotiations marks a pivotal moment in this relationship, aiming to achieve balanced outcomes that support sustainable growth and mutual prosperity.

With this step, both countries reaffirm their commitment to a resilient and dynamic economic future, setting the stage for expanded trade opportunities and closer economic integration.

In a significant step towards deepening economic cooperation, India and New Zealand have officially announced the launch of negotiations for a comprehensive and mutually beneficial Free Trade Agreement (FTA). The announcement coincides with the bilateral meeting between Indian Prime Minister Shri Narendra Modi and New Zealand Prime Minister Right Honourable Christopher Luxon, reaffirming the commitment of both nations to strengthening trade and investment ties. The formal initiation of FTA talks was marked by a meeting between India’s Minister for Commerce and Industry, Shri Piyush Goyal, and New Zealand’s Minister for Trade and Investment, Mr. Todd McClay, on 16 March 2025. This development underscores the shared vision of enhancing economic cooperation, improving market access, and fostering greater supply chain integration. Deepening a Strong Bilateral Partnership India and New Zealand share a longstanding partnership rooted in: Shared democratic values Strong people-to-people ties Economic complementarities The launch of FTA negotiations marks a pivotal moment in this relationship, aiming to achieve balanced outcomes that support sustainable growth and mutual prosperity. With this step, both countries reaffirm their commitment to a resilient and dynamic economic future, setting the stage for expanded trade opportunities and closer economic integration.

Next Story
Infrastructure Energy

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Next Story
Infrastructure Urban

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Next Story
Infrastructure Energy

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?