+
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 Transport

Final Forest Clearance Secured for Goregaon Mulund Link Road Tunnels

Over a year after receiving in-principle (Stage I) approval, the Union Ministry of Environment, Forest and Climate Change (MOEFCC) on Tuesday granted the final clearance for the diversion of 19.43 hectares of forest land at Sanjay Gandhi National Park (SGNP) to the Brihanmumbai Municipal Corporation (BMC).This crucial clearance paves the way for the construction of the twin tunnels forming part of the ambitious Goregaon Mulund Link Road (GMLR) project.Valued at nearly Rs 6.5 billion, the GMLR aims to reduce traffic congestion by connecting Goregaon in Mumbai’s western suburbs to Mulund in th..

Next Story
Infrastructure Transport

Nagpur’s Rs 2.6 Billion Phase-IV Cement Road Project Faces Delays

Nagpur’s Rs 2.6 billion Phase-IV cement road project has missed yet another completion deadline, leading the Nagpur Municipal Corporation (NMC) to grant extensions to several defaulting contractors, according to a report by the Times of India.The public works department of the civic body extended the timelines for Packages 1, 2, and 4 to December 2025, more than a month after the original May deadline lapsed.This phase of the project aims to convert 33 key arterial tar roads, ranging from 9 to 24 metres in width, into durable cement roads. These roads are located across prominent zones inclu..

Next Story
Infrastructure Transport

STRR Expressway to Boost Bengaluru’s Connectivity and Real Estate

The Bengaluru Suburban Transport Ring Road (STRR) project is a pivotal initiative led by the central government, spanning approximately 243 km in Karnataka and 45 km in Tamil Nadu, totalling 288 km. This expressway will connect key industrial hubs around Bengaluru including Hoskote, Devanahalli, Doddaballapur, Nelamangala, Kanakapura, Ramanagara, Attibele, Anekal, Magadi, Sarjapur, Bidadi, and Dabaspete.As Bengaluru continues to expand rapidly, traffic congestion has become a major challenge. The STRR aims to tackle this by creating additional thoroughfares and fostering an environment conduci..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?