India and New Zealand Launch Free Trade Agreement (FTA) Negotiations
| Summary/Static | Details |
|---|---|
| Why in the news? | India - New Zealand Announce Launch of FTA Negotiations |
| Countries Involved | India & New Zealand |
| Date of Announcement | March 16, 2025 |
| Announced By | PM Narendra Modi & PM Christopher Luxon |
| Ministers Involved | Shri Piyush Goyal (India) & Todd McClay (New Zealand) |
| Current Bilateral Trade (2024-25) | $1 billion (April-January) |
| India's Exports (2023-24) | $538 million |
| India's Imports (2023-24) | $335 million |
| Major Imports from New Zealand | Wool, iron & steel, fruits & nuts, aluminum |
| Major Exports to New Zealand | Pharmaceuticals, machinery, textiles, pearls, precious stones |
| Key Indian Companies in New Zealand | HCL, Infosys, Tech Mahindra, Mahindra Motors, Dr. Reddy's |
| FTA Objectives | Market access, supply chain integration, economic resilience |