New Delhi, April 29 (IANS) New Zealand Prime Minister Christopher Luxon on Wednesday described India-New Zealand free trade agreement (FTA) as a once-in-a-generation opportunity, underscoring the scale and potential of the Indian market. Days after the agreement was finalised in New Delhi, Luxon pointed to India’s emergence as the world’s most populous nation and a rapidly expanding consumer economy.“This deal is extremely exciting for New Zealand. It’s going to create jobs, lift wages a…
Latest Todd McClay News & Updates
New Delhi, April 28 (IANS) New Zealand Trade and Investment Minister Todd McClay has said that the India-New Zealand FTA serves as a beacon a bright light that shows how negotiating high-quality agreements and honouring commitments can help economies grow, which ultimately benefits our citizens.McClay, in an exclusive interview to IANS, said that the benefit of the proposed deal is fruitful for commoners of both countries.Here are the full excerpts of the interview:IANS: When will the India–Ne…
New Delhi, April 27 (IANS) New Zealand Trade and Investment Minister Todd McClay said on Monday that there is no question that the strong leadership of Prime Ministers Narendra Modi and Chris Luxon helped achieve the free trade deal in a record time of nine months.McClay, in an exclusive interview to IANS, said that Prime Minister Modi and Prime Minister Luxon have developed a friendly relationship through meetings around the world. Last year, Prime Minister Luxon visited India with the largest …
New Delhi, April 27 (IANS) Commerce and Industry Minister Piyush Goyal on Monday held a productive interaction with heads of various Export Promotion Councils (EPCs) here.“Discussed sector-specific priorities and heard their constructive feedback on enabling more Indian businesses to export and unlock opportunities in the global trade landscape,” said the minister on social media platform X.“Also, explored avenues for exporters to leverage the various FTAs India has concluded in the recent…
New Delhi, April 27 (IANS) New Zealand’s Minister for Trade and Investment, Todd McClay, said that the FTA signed with India on Monday will be put before his country’s Parliament as early as tomorrow to fast-track the process so that it can come into force within this year.”We will start very, very quickly. We hope to have it enter into force before the end of the year, and then it will be fully implemented over about a seven-year period. Over the next few months, we will all be working very…
New Delhi, April 27 (IANS) The Free Trade Agreement (FTA) between India and New Zealand has drawn strong support from policymakers, industry leaders and trade representatives, who described it as a “balanced” and “forward-looking” pact expected to significantly boost bilateral trade and economic cooperation.New Zealand’s Minister for Trade and Investment, Todd McClay, termed the agreement ”very comprehensive”, stressing that both sides had worked hard to ensure it remains equitable. He said…
New Delhi, April 27 (IANS) The India-New Zealand FTA is India’s first women-led Free Trade Agreement and a defining milestone in the bilateral economic journey of the two countries, Commerce and Industry Minister Piyush Goyal said on Monday.The minister was referring to the fact that a majority of the negotiation team was composed of women, including the chief negotiator, deputy negotiator, and sectoral leads. The landmark trade deal, promoted by Prime Minister Narendra Modi, is seen as a milest…
Mumbai, April 27 (IANS) Indian equity benchmarks closed near the day’s high on improved investor sentiment after India-New Zealand FTA finalised in the national capital.The agreement which sealed in the presence of Commerce Minister Piyush Goyal and his New Zealand counterpart Todd McClay removes tariffs on 100 per cent of India’s exports to New Zealand, and either sharply reduces or removes tariffs on 95 per cent of the country’s imports from New Zealand.At the closing bell, the Nifty end…
New Delhi, April 27 (IANS) Commerce and Industry Minister Piyush Goyal on Monday said that he was looking forward to unlocking the full potential of the India-New Zealand FTA to create new opportunities for businesses in both countries, strengthen value chains, and further deepen the bilateral economic partnership.Addressing the India-New Zealand Business Forum here along with his New Zealand counterpart, Todd McClay, the minister highlighted how India’s vast market, skilled talent, digital capa…
New Delhi, April 27 (IANS) India and New Zealand signed a historic Free Trade Agreement (FTA) here on Monday that removes tariffs on 100 per cent of India’s exports to New Zealand, and either sharply reduces or removes tariffs on 95 per cent of the country’s imports from New Zealand.The agreement was sealed in the presence of Commerce Minister Piyush Goyal and his New Zealand counterpart Todd McClay.The FTA, which concluded in a record nine months since its launch on March 16, 2025, marks a …