India announced this Sunday the beginning of the negotiations with New Zealand for the signing of a Free Trade Agreement (FTA) between the two nations, a decision that coincides with the arrival of the Asian country of the Neozyme Prime Minister, Christopher Luxon, for an official visit.
“On the occasion of the proposed meeting between the Prime Minister of India, Narendra Modi, and the very honorable Christopher Luxon (…) The two nations are pleased to announce the launch of negotiations for a free trade agreement,” the Indian Ministry of Commerce reported in a statement.
Luxon began this Sunday an official five -day visit to India, in which, in addition to its meeting with Modi scheduled for Monday, it plans to hold a telephone conversation today with Indian Foreign Minister, Subrahmanyam Jaishankar.
The New Zealand prime minister will also attend the tenth edition of the Raisina dialogue tomorrow, a forum on geopolitics and geoeconomy that will take place until Wednesday in New Delhi and in which delegates from more than one hundred countries will participate, with New Zealand this year as a guest of honor.
Luxon arrived in India at the head of a high -level delegation that includes ministers and businessmen, including the head of the New Zealand Commerce and Investment portfolio, Todd McClay.
McClay today held a meeting in New Delhi with his Indian counterpart, Piyush Goyal, in which they addressed the start of the negotiations for a free trade agreement that “strengthens the economic and commercial ties between the two countries”, reads in the statement of the Ministry of Commerce of India.
The New Zealand delegation will remain in the Indian capital until Wednesday, the day they will leave for the city of Bombay, in western India, and where the visit is expected to have mainly an economic character.
This is Luxon’s first visit to India, after maintaining a bilateral meeting with Modi on the last summit of the ASEAN, held in 2024 in Laos.
Bilateral trade between the two nations amounted to 1,750 million dollars (1,604 million euros) in fiscal year 2023-2024 (April-March), according to data from the Indian Foreign Ministry.
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India and New Zealand begin to negotiate a free trade agreement
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