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India and New Zealand Resume Free Trade Agreement Negotiations

Talks aim to strengthen economic ties and resolve long-standing trade issues as New Zealand PM visits India.

  • India and New Zealand have restarted negotiations for a Free Trade Agreement (FTA) after talks stalled in 2015 due to disagreements over market access and trade priorities.
  • The announcement coincides with New Zealand Prime Minister Christopher Luxon's first official visit to India, accompanied by a delegation of business and community leaders.
  • Key trade issues include New Zealand's push for greater dairy access and India's resistance to lowering tariffs on dairy, meat, and wine, while India seeks better terms for its IT and services sectors.
  • Bilateral trade between the two nations surpassed $1 billion during April 2024 to January 2025, with significant growth in both exports and imports compared to the previous fiscal year.
  • The FTA negotiations aim to enhance supply chain integration, improve market access, and foster mutual economic growth between the two countries.
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