Union Minister of Commerce and Industry Piyush Goyal on Monday held a bilateral meeting with New Zealand’s Minister for Trade Todd McClay in Mumbai to advance negotiations on the proposed India–New Zealand Free Trade Agreement (FTA).

The meeting focused on convergence across key areas relating to trade in goods and services. Both sides noted that the recent negotiating round saw substantive progress, with several elements concluded and a shared understanding emerging on the way forward for an early and mutually satisfactory closure of the agreement.

The Ministers observed that bilateral merchandise trade between India and New Zealand touched USD 1.3 billion in FY 2024–25, reflecting a growth of nearly 49 percent. They stated that a comprehensive and well-balanced FTA would further accele

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