India and New Zealand are moving forward with discussions on a bilateral trade agreement aimed at strengthening economic cooperation while addressing sector specific priorities. Union Minister of Commerce and Industry Piyush Goyal shared updates on these talks during his visit to New Zealand, where he also met Nikhil Ravishankar, CEO of Air New Zealand.
The interaction took place while travelling to Rotorua for the fourth round of Free Trade Agreement discussions between the two nations. In a social media post, Goyal said, “Delighted to meet Nikhil Ravishankar, CEO of Air New Zealand, en route to Rotorua. Talked about the airline’s impressive role in regional connectivity. Also discussed India’s expanding aviation sector and the exciting new opportunities that it offers.”
Air New Zealand serves as the national carrier, managing a wide network of international and domestic passenger and cargo services. Both Air India and Air New Zealand are working toward launching direct flights by 2028, which is expected to boost trade, tourism and people to people connections.
The fourth round of FTA discussions began on November 3 in Auckland and marks an important step in the growing partnership between the two countries. Speaking to a common news agency, Goyal said the talks were taking place with warmth and mutual respect. “I feel that with a lot of enthusiasm and respect, my team, our India’s delegation and I were welcomed here, and in reality, the relationship between India and New Zealand should increase. The basic principle of both the countries is that if we increase mutual relations, it is beneficial for both the countries,” he said.
Goyal added that the conversations were “very good” and reflected strong intent on both sides. He also noted the time spent with the New Zealand leadership and members of the Indian community. “It shows that the people of India get a lot of respect here; they have respect and importance,” he said.
The proposed FTA will be shaped to safeguard the interests of both nations. Bilateral merchandise trade has grown significantly, reaching USD 1.3 billion in the financial year 2024 to 2025, an increase of 48.6 percent from the previous year. Key Indian imports from New Zealand include wool, iron and steel, fruit and nuts, and aluminium, while India exports pharmaceuticals, machinery, textiles, and precious stones and metals. The FTA is expected to further improve trade, supply chains and investment opportunities.
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