What Are the Outcomes of the 4th Round of India-New Zealand Free Trade Agreement Negotiations?
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Synopsis
In a significant move for economic collaboration, India and New Zealand have concluded their fourth round of Free Trade Agreement negotiations. This development reflects a commitment to enhancing trade relations and unlocking new opportunities for both nations.
Key Takeaways
- Successful conclusion of the fourth round of FTA negotiations.
- Increased bilateral trade projected at $1.3 billion for FY 2024-25.
- Focus on sustainable growth and resilient economic partnerships.
- Engagement in multiple sectors such as agriculture and services.
- Commitment to an early, balanced conclusion of the agreement.
New Delhi, Nov 8 (NationPress) India and New Zealand have successfully wrapped up the fourth round of discussions regarding the Free Trade Agreement (FTA) in Auckland and Rotorua, as per an official announcement made on Saturday.
This round followed five days of productive and progressive talks between the two nations, according to the Commerce Ministry.
The announcement further indicated that both parties have committed to maintaining momentum through ongoing work and continuing in-depth discussions across all chapters, with a unified goal of achieving early convergence on the India–New Zealand FTA.
Commerce and Industry Minister Piyush Goyal and New Zealand’s Minister for Trade Todd McClay recognized the consistent progress made in this round and reiterated their dedication to establishing a modern, comprehensive, and future-oriented free trade agreement.
As stated by the ministry, both delegations engaged in extensive discussions on crucial topics including trade in goods, trade in services, economic and trade cooperation, and rules of origin.
The talks underscored a mutual ambition to enhance economic relations and foster a beneficial partnership that promotes resilient, inclusive, and sustainable growth.
“Under the leadership of Prime Minister Narendra Modi, India is dedicated to establishing deeper economic collaborations that foster global prosperity and secure supply chains. The Ministers noted that the anticipated FTA is projected to significantly boost trade flows, deepen investment ties, fortify supply-chain resilience, and offer improved predictability and market access for businesses in both nations,” emphasized the ministry.
Bilateral merchandise trade between India and New Zealand reached $1.3 billion in FY 2024-25, reflecting a year-over-year increase of nearly 49 percent.
The proposed FTA is poised to unlock additional opportunities in areas such as agriculture, food processing, renewable energy, pharmaceuticals, education, and services, creating new prospects for businesses and consumers alike.
According to the ministry, the ongoing dialogues demonstrate the shared determination of both nations to accelerate the process and strive for an early, balanced, and mutually beneficial conclusion to the agreement.
Point of View
I believe that the ongoing negotiations between India and New Zealand reflect a strategic commitment to strengthening bilateral ties. The emphasis on a comprehensive Free Trade Agreement indicates both nations' resolve to adapt to global economic changes while fostering sustainable growth.
NationPress
09/11/2025
Frequently Asked Questions
What is the purpose of the India-New Zealand FTA?
The India-New Zealand FTA aims to enhance trade flows, deepen investment links, and create new opportunities across various sectors, including agriculture and services.
When did the fourth round of negotiations conclude?
The fourth round of negotiations concluded on November 8, 2023.
What sectors are expected to benefit from the FTA?
Sectors such as agriculture, food processing, renewable energy, pharmaceuticals, education, and services are expected to benefit from the FTA.
What was the bilateral trade figure between India and New Zealand for FY 2024-25?
India's bilateral merchandise trade with New Zealand stood at $1.3 billion in FY 2024-25.
Who are the key ministers involved in the negotiations?
The key ministers involved are India's Commerce and Industry Minister Piyush Goyal and New Zealand's Minister for Trade Todd McClay.
