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Proposed FTA may boost India's textile, apparel exports to New Zealand

19 Mar '25

3 min read

Proposed FTA may boost India's textile, apparel exports to New Zealand

Insights

India and New Zealand have initiated negotiations for a free trade agreement to boost trade and investment.
New Zealand imported $***** million worth of Indian textiles and apparel in 2024, a ***% increase from 2023.
India remains a key supplier but lags behind China, Bangladesh and Vietnam.
The FTA may provide tax-free access, enhancing India's market share in New Zealand.

Indian Prime Minister Narendra Modi and his New Zealand counterpart, Christopher Luxon, held discussions on various issues in New Delhi during Luxon&#**;s official visit. Both nations announced the launch of negotiations for a comprehensive and mutually beneficial India-New Zealand Free Trade Agreement.

This significant step was marked by a meeting between Indian Minister for Commerce and Industry, Piyush Goyal, and New Zealand&#**;s Minister for Trade and Investment, Todd McClay, on Sunday. This meeting laid the foundation for a momentous partnership aimed at strengthening economic and trade ties between the two countries.