India and New Zealand to start talks on free trade pact, Modi says
MUMBAI/NEW DELHI, March 17 (Reuters) - India and New Zealand have decided to start detailed negotiations on a mutually beneficial free trade agreement, Indian Prime Minister Narendra Modi said on Monday after talks with his New Zealand counterpart Christopher Luxon.
The agreement is expected by the end of 2025, an Indian foreign ministry official told reporters.
India's exports to New Zealand totalled $682 million in 2023, while New Zealand's shipments to India aggregated to $369 million in the same year, figures from data visualisation platform Observatory of Economic Complexity showed.
"Free trade agreement is a process which has been initiated, in a timebound manner. Perhaps by the end of this year we hope to conclude (the) free trade agreement," said Jaideep Mazumdar, secretary east at the Indian foreign ministry.
($1 = 1.7295 New Zealand dollars)
Related Articles
Coca Cola (KO) Q4 Earnings Preview: Look for the Upside in the AI Initiatives, not in the Revenue and the EPS
Coca-Cola (KO) enters its fourth-quarter 2025 earnings call tomorrow with significant momentum. However, a fundamental shift is occurring.
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
