Momentum Builds in India-New Zealand Partnership: Trade Talks and Economic Cooperation Accelerate

Recent engagements mark a significant push to deepen India-New Zealand economic and trade relations. Indian Commerce and Industry Minister Piyush Goyal led the largest-ever business delegation to New Zealand, holding meetings with Trade Minister Todd McClay and other key officials. Discussions at the India-New Zealand Business Forum and CEO roundtables emphasized accelerating negotiations for a comprehensive FTA.

The fourth round of FTA talks, conducted over five days in Auckland and Rotorua, focused on trade in goods, services, investment, and rules of origin. Both sides affirmed their dedication to reaching an early, balanced agreement that will strengthen market access and supply-chain resilience.

India-New Zealand merchandise trade grew to USD 1.3 billion in FY 2024-25, a 49% year-on-year increase. Potential sectors for collaboration include agriculture, food processing, renewable energy, pharmaceuticals, space, education, sports, gaming, and drone technology.

The Indian diaspora in New Zealand continues to serve as a vital "living bridge," fostering cultural and economic ties. PM Narendra Modi’s meeting with New Zealand’s Prime Minister Christopher Luxon in March 2025 rekindled the partnership’s momentum, setting the tone for robust cooperation.

Key Highlights:

Piyush Goyal led record Indian business delegation to New Zealand.

Fourth round of India-New Zealand FTA negotiations concluded with positive progress.

Bilateral trade grew 49% to USD 1.3 billion in FY 2024-25.

Sectors highlighted: agriculture, energy, pharmaceuticals, education, space, drones, tourism.

Strong diaspora engagement acts as a cultural and economic bridge.

Renewed momentum post-PM Modi and PM Luxon meeting in March 2025.

Commitment to early conclusion of a balanced, mutually beneficial FTA.

Sources: New Zealand Government (beehive.govt.nz), PIB India, Tribune India, Times of India, ANI News