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The FTA negotiations were initiated on March 16, 2025. The ministry noted that inter-sessional virtual meetings will continue to maintain progress from the second round. During the second round, significant advancements were made in several areas including Trade in Goods and Services, Investment, Rules of Origin, Customs Procedures and Trade Facilitation, Technical Barriers to Trade, Sanitary and Phytosanitary Measures, and Economic Cooperation.
In 2024-25, India’s bilateral merchandise trade with New Zealand reached USD 1.3 billion, marking a 48.6% increase from the previous financial year. The ministry stated that the FTA is expected to enhance trade flows, support investment linkages, promote supply chain resilience, and create a stable environment for businesses in both countries.
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