India and New Zealand are advancing discussions on a bilateral trade agreement. This sector-specific deal aims to strengthen economic ties without compromising on sensitive issues. Union Minister Piyush Goyal shared these insights during his official visit.
Goyal met with Nikhil Ravishankar, CEO of Air New Zealand, to discuss aviation opportunities. The meeting occurred en route to Rotorua as part of the FTA talks. They explored the airline’s impressive role in regional connectivity.
India’s expanding aviation sector offers exciting new opportunities. This was a key point in their conversation. The dialogue highlighted potential growth areas for both nations.
Air New Zealand serves as New Zealand’s flag carrier. It operates a global network of domestic and international services. This includes both passenger and cargo flights.
Direct flights between Air India and Air New Zealand are planned by 2028. This initiative is expected to boost business ties significantly. It will also enhance people-to-people connections.
Piyush Goyal is in New Zealand for the fourth round of FTA discussions. These talks began on November 3 in Auckland. They mark a significant step toward deepening bilateral trade relations.
The minister emphasized the warm and respectful spirit of the negotiations. Both delegations showed great enthusiasm. Mutual respect was evident throughout the discussions.
Goyal believes increasing mutual relations benefits both countries. This principle guides the ongoing talks. The relationship between India and New Zealand should grow stronger.
The discussions have been very productive. They reflect strong intent on both sides to deepen ties. This commitment is clear from the engagement levels.
New Zealand Prime Minister Luxon spent considerable time with the Indian delegation. This included interactions with people of Indian origin living there. It demonstrates the respect and importance given to Indian communities.
The proposed FTA will carefully consider both countries’ interests. It aims to create a balanced agreement. This approach ensures mutual benefits.
Bilateral trade has seen remarkable growth. Merchandise trade reached USD 1.3 billion in 2024-25. This represents a 48.6 percent increase over the previous year.
The India-New Zealand Economic Partnership shows great potential. The FTA is expected to elevate trade and investment further. It will improve supply chain integration.
A predictable and transformative trading environment is the goal. Businesses on both sides will benefit. This framework supports long-term economic cooperation.
India’s key imports from New Zealand include wool and iron. Fruit, nuts, and aluminium are also significant. These commodities form a substantial part of trade.
Pharmaceuticals and machinery lead India’s exports to New Zealand. Made-up textile articles and precious stones are also major items. This diverse trade portfolio highlights complementary economies.