Latest news with #India-NewZealandFreeTradeAgreement
Economic Times
6 days ago
- Business
- Economic Times
India-New Zealand conclude 2nd round of FTA talks; achieve progress on trade, investment, economic cooperation
PM Modi, Christopher Luxon Synopsis The second round of India-New Zealand Free Trade Agreement negotiations concluded in New Delhi, marking significant progress in trade, investment, and economic cooperation. Both sides are committed to a balanced and comprehensive agreement, aiming to strengthen bilateral trade and economic partnerships. The next round is scheduled for September 2025 in New Zealand, building on the momentum achieved. The second round of India-New Zealand Free Trade Agreement Negotiations, which concluded in New Delhi, made significant advancements in multiple areas, including trade in goods and services, investment, rules of origin, customs procedures and trade facilitation, technical barriers to trade, sanitary and phytosanitary measures, and economic cooperation. ADVERTISEMENT According to a release by the Ministry of Commerce & Industry, discussions were marked by mutual interest in achieving early convergence on several texts. Both sides reaffirmed their commitment to concluding a balanced, comprehensive, and forward-looking agreement. The Second Round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded successfully on July 25 in New Delhi, further advancing the shared objective of strengthening bilateral trade and economic partnerships. The Ministry stated that this development catalyses the shared commitment to deepen economic ties, as guided by the Prime Minister of India, Narendra Modi, during the visit of Christopher Luxon, Prime Minister of New Zealand, in March 2025. The FTA was launched during the meeting between Union Minister of Commerce and Industry, Piyush Goyal and Todd McClay, Minister for Trade and Investment, Government of New Zealand, on March 16, 2025. The Third Round of negotiations is scheduled to be held in New Zealand in September 2025. The intersessional virtual meetings will maintain the forward trajectory set in the second round. ADVERTISEMENT According to government data, India's bilateral merchandise trade with New Zealand reached USD 1.3 billion in FY 2024-25, recording a 48.6 per cent growth over the previous financial year, signalling the growing potential of the economic FTA is expected to enhance trade flows, support investment linkages, promote supply chain resilience, and establish a predictable and enabling environment for businesses in both countries. ADVERTISEMENT Free Trade Agreements (FTAs) are treaties between two or more countries to reduce or eliminate trade barriers such as tariffs, quotas, and import restrictions on goods and services. These agreements aim to promote economic integration, increase market access, and enhance cooperation between nations. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. NEXT STORY
Time of India
6 days ago
- Business
- Time of India
India-New Zealand conclude 2nd round of FTA talks; achieve progress on trade, investment, economic cooperation
The second round of India-New Zealand Free Trade Agreement Negotiations, which concluded in New Delhi, made significant advancements in multiple areas, including trade in goods and services, investment, rules of origin, customs procedures and trade facilitation, technical barriers to trade, sanitary and phytosanitary measures, and economic cooperation. According to a release by the Ministry of Commerce & Industry, discussions were marked by mutual interest in achieving early convergence on several texts. Both sides reaffirmed their commitment to concluding a balanced, comprehensive, and forward-looking agreement. Explore courses from Top Institutes in Please select course: Select a Course Category Data Analytics Management Project Management Digital Marketing Technology Healthcare Data Science Operations Management Degree Artificial Intelligence healthcare Public Policy MCA CXO MBA Product Management others Others Design Thinking Leadership Data Science Cybersecurity Finance Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details The Second Round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded successfully on July 25 in New Delhi, further advancing the shared objective of strengthening bilateral trade and economic partnerships. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like ACE Nest Yamuna Expressway – Affordable Luxury Awaits Ace Noida Book Now Undo The Ministry stated that this development catalyses the shared commitment to deepen economic ties, as guided by the Prime Minister of India, Narendra Modi, during the visit of Christopher Luxon , Prime Minister of New Zealand, in March 2025. The FTA was launched during the meeting between Union Minister of Commerce and Industry, Piyush Goyal and Todd McClay, Minister for Trade and Investment, Government of New Zealand, on March 16, 2025. Live Events The Third Round of negotiations is scheduled to be held in New Zealand in September 2025. The intersessional virtual meetings will maintain the forward trajectory set in the second round. According to government data, India's bilateral merchandise trade with New Zealand reached USD 1.3 billion in FY 2024-25, recording a 48.6 per cent growth over the previous financial year, signalling the growing potential of the economic partnership. The FTA is expected to enhance trade flows, support investment linkages, promote supply chain resilience, and establish a predictable and enabling environment for businesses in both countries. Free Trade Agreements (FTAs) are treaties between two or more countries to reduce or eliminate trade barriers such as tariffs, quotas, and import restrictions on goods and services. These agreements aim to promote economic integration, increase market access, and enhance cooperation between nations.
Hans India
6 days ago
- Business
- Hans India
India, New Zealand conclude 2nd round of Free Trade Agreement negotiations
New Delhi: The government on Friday said the second round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded successfully in the national capital, further advancing the shared objective of strengthening bilateral trade and economic partnerships. The third round of negotiations is scheduled to be held in New Zealand in September. The intersessional virtual meetings will maintain the forward trajectory set in the second round, according to a Commerce Ministry statement. Continuing the momentum generated during the first round held in May in New Delhi, the second round of negotiations was held from July 14-25. This round accomplished significant advancement in multiple areas, including Trade in Goods and Services, Investment, Rules of Origin, Customs Procedures and Trade Facilitation, Technical Barriers to Trade, Sanitary and Phytosanitary Measures, and Economic Cooperation. Discussions were marked by mutual interest in achieving early convergence on several texts. Both sides reaffirmed their commitment to concluding a balanced, comprehensive, and forward-looking agreement. The development catalyses the shared commitment to deepen economic ties and guidance given by Prime Minister Narendra Modi during the visit of New Zealand Prime Minister Christopher Luxon in March this year. India's bilateral merchandise trade with New Zealand reached $1.3 billion in FY2024-25, recording a growth of 48.6 per cent over the previous financial year, signaling the growing potential of the economic partnership. The FTA is expected to enhance trade flows, support investment linkages, promote supply chain resilience, and establish a predictable and enabling environment for businesses in both countries. The FTA was launched during the meeting between Commerce Minister Piyush Goyal and New Zealand's Minister for Trade and Investment Todd McClay on March 16. Continuing the momentum generated during the first round held in May in New Delhi, the second round of negotiations was held from July 14-25.
Business Standard
12-05-2025
- Business
- Business Standard
First round of negotiations for the India-New Zealand Free Trade Agreement concluded successfully
Ministry of Commerce & Industry has stated in a latest update that in a major step towards expanding bilateral trade and investment engagement, the first round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded successfully. The First Round followed a series of virtual discussions held between both partners which laid the groundwork for the in-person meeting. Constructive negotiations were held across all areas of FTA including Trade in Goods and Services, Trade Facilitation and mutually beneficial sectors of economic co-operation. This engagement highlights the strategic importance both partners attach to building a mutually beneficial, balanced and a fair-trade agreement. The bilateral trade relationship has seen a sharp upward trajectory in recent years. Total merchandise trade between the two countries has reached USD 1.3 billion in financial year 2024-25, registering a strong growth of 48.6% over the previous financial year. This underscores the growing potential of India-New Zealand Economic Partnership. The FTA is expected to further elevate trade and investment potential, improve supply chain integration, and foster a predictable and transformative trading environment for businesses on both sides.
India Gazette
09-05-2025
- Business
- India Gazette
First round of India-New Zealand Free Trade Agreement negotiations concludes
New Delhi [India], May 10 (ANI): In a major step towards expanding bilateral trade and investment engagement, the first round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded successfully on Friday in Delhi. The negotiations were held from 5-9 May, an official statement from Ministry of Commerce & Industry said. This development builds on the shared commitment to deepen economic ties and guidance given by Prime Minister Narendra Modi during the visit of Christopher Luxon, Prime Minister of New Zealand in March, the stament added The FTA was launched during the meeting between Piyush Goyal, Minister of Commerce and Industry, and Todd McClay, Minister for Trade and Investment of New Zealand on March 16. The First Round followed a series of virtual discussions held between both partners which laid the groundwork for the in-person meeting. Constructive negotiations were held across all areas of FTA including Trade in Goods and Services, Trade Facilitation and mutually beneficial sectors of economic co-operation. This engagement highlights the strategic importance both partners attach to building a mutually beneficial, balanced and a fair trade agreement. The bilateral trade relationship has seen a sharp upward trajectory in recent years. Total merchandise trade between the two countries has reached USD 1.3 billion in the financial year 2024-25, registering a strong growth of 48.6 per cent over the previous financial year. This underscores the growing potential of the India-New Zealand Economic Partnership. The FTA is expected to further elevate trade and investment potential, improve supply chain integration, and foster a predictable and transformative trading environment for businesses on both sides, the statement said. Both countries reaffirmed their common vision and mutual understanding to work towards a future-ready framework and conclude the FTA this year. The next round will be held in July 2025. As India steadily advances its footprint through multiple trade agreements, this round reflects a steadfast commitment to enhancing economic partnerships aligned with national priorities and global aspirations. (ANI)
