Union Commerce and Industry Minister Piyush Goyal reached New Zealand on Tuesday to meet his counterpart, Todd McClay, to further bilateral talks on the proposed free trade agreement (FTA), which have seen four rounds so far.
“Delighted to be in New Zealand to review the progress of the ongoing FTA (Free Trade Agreement) negotiation,” Goyal said in a post on X.
The two countries will look forward to expedite the process for a comprehensive, mutually beneficial economic partnership, the minister added.
Goyal would also be meeting industry leaders in the country to explore opportunities for new ventures and collaborations, he shared.
“I will also meet industry leaders along with investors to explore new avenues for collaboration and investment between our two countries,” he said.
The fourth round of India-New Zealand FTA negotiations commenced in Auckland on November 3, after being formally launched on March 16, 2025.
Also Read: India, NZ FTA talks progress
India’s bilateral merchandise trade with New Zealand stood at USD 1.3 billion in 2024-25, registering a growth of nearly 49 per cent over the previous year.
India mainly exports clothing, fabrics and home textiles; medicines and medical supplies; refined petrol; agricultural equipment and machinery such as tractors and irrigation tools, auto, iron and steel, paper products, electronics, shrimps, diamonds, and basmati rice to New Zealand.
Major imports from the country to India include agricultural goods, minerals, apples, kiwifruit, meat products such as lamb, mutton, milk albumin, lactose syrup, coking coal, logs and sawn timber, wool, and scrap metals.
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