New Delhi: In a significant move to bolster bilateral economic ties, India and New Zealand have resumed negotiations for a free trade agreement (FTA) after a decade-long hiatus. This development coincides with New Zealand Prime Minister Christopher Luxon’s visit to India, highlighting the strategic importance of this diplomatic engagement. The resumption of talks is aimed at enhancing trade in goods, services, and investment between the two nations, marking a pivotal step in deepening their economic partnership.
The journey towards a comprehensive economic agreement began in April 2010 with the initiation of the Comprehensive Economic Cooperation Agreement (CECA). However, after nine rounds of discussions, the talks stalled in 2015. The new FTA negotiations were formally announced during a meeting between India’s Commerce Minister Piyush Goyal and New Zealand’s Trade Minister Todd McClay. These talks are designed to achieve balanced outcomes by enhancing supply chain integration and improving market access, reflecting a shared vision for a stronger economic partnership.
The announcement was made during Prime Minister Luxon’s visit to India from March 16 to 20, 2025, underscoring the commitment of both nations to strengthen economic cooperation. Bilateral trade between India and New Zealand has been steadily increasing, surpassing $1 billion in the first nine months of 2025. Key Indian exports to New Zealand include clothing, medicines, and agricultural equipment, while major imports are agricultural goods and minerals. This renewed engagement is expected to unlock new avenues for businesses and consumers, fostering mutual growth and prosperity.
