New Delhi, March 16 (IANS) India and New Zealand on Sunday announced the launch of negotiations for a comprehensive and mutually beneficial Free Trade Agreement (FTA) negotiations.
The announcement came as New Zealand Prime Minister Christopher Luxon received a warm welcome as he arrived in Delhi for his first official visit to the country.
According to a statement by the Ministry of Commerce and Industry, the significant step was marked by a meeting between Minister for Commerce and Industry, Piyush Goyal, and Todd McClay, New Zealand’s Minister for Trade and Investment, laying the foundation for a momentous partnership towards strengthening the economic and trade ties between the two countries.
Both the nations “share a longstanding partnership founded on shared democratic values, strong people-to-people ties, and economic complementarities”, said the ministry.
Both countries have continuously worked towards building their bilateral relationship encompassing trade and investment.
The India-New Zealand FTA negotiations aim to achieve balanced outcomes that enhance supply chain integration and improve market access. This milestone reflects a shared vision for a stronger economic partnership, fostering resilience and prosperity.
Luxon, who will be in India until March 20, is accompanied by a high-level delegation comprising ministers, senior officials, business leaders, media representatives, and members of the Indian diaspora in New Zealand.
During his visit, Luxon will hold talks with Prime Minister Narendra Modi on March 17, focusing on various aspects of India-New Zealand relations.
Following their discussions, PM Modi will host a lunch in his honour. Luxon will also call on President Droupadi Murmu on the same day.
Additionally, Luxon is set to attend the inaugural session of the 10th Raisina Dialogue 2025 on March 17 as the chief guest, where he will deliver the keynote address.
On March 19-20, he will visit Mumbai to engage with Indian business leaders and representatives from various sectors. He is scheduled to depart for Wellington from Mumbai on March 20.
In 2023-24, New Zealand exported $0.84 billion of total goods and services to India and imported $0.91 billion and a total trade value of $1.75 billion.
–IANS
na/svn
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
