India-New Zealand FTA talks expected to close soon: Commerce Secy

• India and New Zealand are expected to finalize a free trade agreement (FTA) soon, as confirmed by Commerce Secretary Rajesh Agrawal.
• Recent discussions included virtual, physical, and ministerial-level meetings, with NZ Trade Minister Todd McClay meeting Indian Commerce Minister Piyush Goyal.
• The proposed FTA aims to boost bilateral trade, investment, and strengthen supply chain resilience between the two countries.
• Bilateral merchandise trade between India and New Zealand reached USD 1.3 billion in 2024-25, marking a 49% growth.

Why It Matters: Boosts trade, investment, and business stability between India and New Zealand.