Indian Commerce and Industry Minister Piyush Goyal has arrived in New Zealand to review and advance the ongoing free trade agreement (FTA) talks between the two countries. This marks the fourth round of negotiations since the FTA talks officially began in March 2025.
During his visit, Goyal is meeting New Zealand officials and industry leaders to discuss progress and explore new 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.
India’s trade with New Zealand reached about USD 1.3 billion in 2024–25, a growth of nearly 49 percent from the previous year. India mainly exports clothing, textiles, medicines, petroleum products, machinery, automobiles, steel, electronics, seafood, diamonds, and basmati rice. New Zealand’s exports to India include agricultural products, apples, kiwifruit, meat, milk products, coal, timber, and scrap metals.
The FTA aims to create a framework that boosts trade, investment, and technology exchange while supporting jobs and economic growth. Goyal’s visit highlights both political and business engagement, with a focus on building partnerships that benefit both nations.
As talks progress, both countries aim to finalise an agreement that strengthens economic cooperation and opens new opportunities for businesses and investors.