India, New Zealand FTA in final stages: Official
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New Delhi: Negotiations between India and New Zealand for a proposed free trade agreement are expected to be closed or finalised soon, Commerce Secretary Rajesh Agrawal said on Monday.
After concluding the fourth round of talks, the two sides have recently held both virtual and physical meetings at official as well as ministerial level.
Last week, New Zealand Trade Minister Todd McClay was here to review the progress of negotiations with Commerce and Industry Minister Piyush Goyal.
"We are in a good zone where we hope that the agreement will be closed and finalised soon...It is expected to be done soon," Agrawal told reporters here.
The talks were formally launched on March 16, 2025.
India's bilateral merchandise trade with New Zealand stood at $ 1.3 billion in 2024-25, registering a growth of nearly 49 per cent over the preceding year.
