India, New Zealand conclude fourth round of FTA talks; both sides push for early conclusion

The discussions, which spanned five days, were described as constructive and forward-looking by both delegations. Officials from both sides agreed to sustain the momentum through inter-sessional work and continue detailed negotiations across all chapters, with a shared determination to move towards early convergence on the India–New Zealand FTA.

Commerce and Industry Minister Piyush Goyal and New Zealand’s Minister for Trade, Todd McClay, acknowledged the steady progress made during this round and reaffirmed their commitment to work towards a modern, comprehensive, and future-ready free trade agreement. According to the ministry, both delegations engaged in detailed discussions across key areas including trade in goods, trade in services, economic and trade cooperation, and rules of origin. The talks reflected a shared ambition to strengthen economic ties and build a mutually beneficial partnership that promotes resilient, inclusive, and sustainable growth. Also Read: India, New Zealand hold talks for fair and balanced FTA; Piyush Goyal says deal will unlock new opportunities

‘India remains committed to forging deeper partnerships’

“Guided by the leadership of Prime Minister Narendra Modi, India remains committed to forging deeper economic partnerships that contribute to global prosperity and secure supply chains. The Ministers noted that the proposed FTA is expected to significantly enhance trade flows, deepen investment linkages, strengthen supply-chain resilience, and provide greater predictability and market access for businesses in both countries,” the ministry stated. India’s bilateral merchandise trade with New Zealand stood at $1.3 billion in FY 2024–25, marking a year-on-year growth of nearly 49 per cent. The proposed FTA is expected to unlock opportunities in key sectors such as agriculture, food processing, renewable energy, pharmaceuticals, education, and services — creating new avenues for businesses and consumers in both nations. According to the ministry, the ongoing discussions underline the shared resolve of both countries to expedite the negotiation process and work towards an early, balanced, and mutually advantageous conclusion of the agreement.