In a major diplomatic move, India and New Zealand have formally initiated negotiations on a Free Trade Agreement (FTA). The announcement was made by Prime Minister Narendra Modi after his meeting with New Zealand Prime Minister Christopher Luxon in New Delhi on March 17, 2025.
The proposed FTA aims to boost bilateral trade, focusing on agriculture, technology, education, and tourism sectors. Currently, India’s exports to New Zealand amount to $682 million, while New Zealand’s exports to India stand at $369 million (2023 statistics). Key export items include dairy products, machinery, pharmaceuticals, and IT services.
Negotiations are expected to be completed by the end of 2025, with both countries aiming to reduce trade barriers, lower tariffs, and enhance economic cooperation. This development comes as India strengthens its trade relations with global markets under its ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives.
📌 Key Takeaways:
- India & New Zealand FTA talks initiated.
- Bilateral trade volume: $682M exports from India, $369M imports.
- Trade focus on agriculture, IT, education, and tourism.
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