India-New Zealand FTA: Next round of talks in July, aim to conclude negotiations by year-end

Commerce Minister Piyush Goyal

India and New Zealand today concluded the first round of negotiations for a proposed Free Trade Agreement (FTA) in New Delhi held between May 5 and 9. The next round will be held in July 2025.

Both countries also reaffirmed their common vision and mutual understanding to work towards a future ready framework and conclude the FTA this year.

The first round of talks 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 commerce ministry said in a statement on May 9.

India and New Zealand's bilateral trade relationship has seen a sharp upward trajectory in recent years with merchandise trade between the two countries reaching $1.3 billion in 2024–25, a growth of 48.6 percent on-year.

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, according to the statement.

As India steadily advances its footprint through multiple trade agreements, this round reflects a steadfast commitment to enhance economic partnerships aligned with national priorities and global aspirations, the statement added.

India has recently agreed upon a FTA with UK and is currently negotiating trade deals with a slew of nations and blocs including European Union, United States and Oman.