Expecting bilateral trade with New Zealand to double in five years with FTA: Piyush Goyal

Key Points

1. India and New Zealand aim to double bilateral trade to $5 billion in five years.
2. The Free Trade Agreement (FTA) negotiations concluded in a record nine months.
3. The FTA includes technical collaboration in fruit cultivation, honey production, and dairy.
4. Certain agricultural products like rice, wheat, and dairy are protected under the FTA.
5. The FTA is expected to boost labor-intensive sectors like apparel, leather, and textiles.
6. The chief negotiator for India was Petal Dhillon, Joint-Secretary at the Ministry of Commerce and Industry.
7. The FTA was announced on December 22, 2025.