Brief by Shorts91NewsDesk / 02:57am on 19 Mar 2025,Wednesday Business
On March 17, 2025, India and New Zealand officially restarted negotiations on a long-stalled free trade agreement (FTA). Prime Minister Narendra Modi and his New Zealand counterpart, Christopher Luxon, expressed optimism about strengthening bilateral trade, which currently stands at over $1 billion. The agreement is expected to benefit key sectors such as agriculture, pharmaceuticals, technology, and tourism. India's Trade Minister, Piyush Goyal, stated that the pact could increase trade tenfold in the next decade. The renewed discussions signal a commitment to economic cooperation and a stronger strategic partnership between the two nations.
