Piyush Goyal, India’s Commerce and Industry Minister, is in New Zealand to advance negotiations on the bilateral FTA. This visit marks the fourth round of negotiations since the FTA discussions officially began in March 2025.
During his stay, Goyal is meeting New Zealand officials and business leaders to review progress and explore fresh opportunities for trade and investment. “I am delighted to be in New Zealand to review the progress of our FTA negotiations and explore ways to strengthen economic ties,” he said.
Bilateral trade between India and New Zealand reached around USD 1.3 billion in 2024–25, up nearly 49 percent from the previous year. India’s main exports include clothing, textiles, medicines, petroleum products, machinery, automobiles, steel, electronics, seafood, diamonds, and basmati rice. New Zealand primarily exports agricultural products, apples, kiwifruit, meat, milk products, coal, timber, and scrap metals to India.
The FTA is expected to create a framework that enhances trade, investment, and technology exchange while supporting employment and economic growth. Goyal’s visit underscores both political and business engagement, aiming to strengthen partnerships that benefit both nations.
As negotiations continue, both countries are working to finalise an agreement that will boost economic cooperation and open new opportunities for businesses and investors.
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