New Delhi, April 27 (IANS) India and New Zealand are set to sign a long-awaited free trade agreement (FTA) on Monday to significantly boost bilateral trade, investments and market access across sectors.The agreement will be signed at Bharat Mandapam in the presence of Union Commerce Minister Piyush Goyal and his New Zealand counterpart, Todd McClay.The pact is aimed at doubling bilateral trade to $5 billion over the next five years and is expected to open new avenues for Indian exporters, partic…
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New Delhi, April 26 (IANS) The FTA with New Zealand is expected to give a big push to India’s leather industry, which expects to grow to $50 billion by 2030, driven by a strategic shift from mass production to high-value-added manufacturing, the Ministry of Commerce and Industry said on Sunday. On the eve of the signing of the India-New Zealand Free Trade Agreement (FTA), Union Minister for Commerce and Industry Piyush Goyal and his New Zealand counterpart Todd McClay participated in an Indust…
New Delhi, April 26 (IANS) Commerce and Industry Minister Piyush Goyal and New Zealand’s Minister for Trade and Investment Todd McClay met with leaders from the leather and footwear, AYUSH, pharma, medical devices, light engineering and sports goods sectors in Agra on Sunday.”Had an enriching engagement” with the business leaders and “was also joined by my friend Mr Todd McClay MP, Minister for Trade & Investment, New Zealand”, Goyal wrote on X.”Also, launched the ‘Agra: World Capital of F…
New Delhi, April 26 (IANS) Commerce and Industry Minister Piyush Goyal will hold a crucial meeting with export promotion councils and industry bodies on April 27 to discuss strategies to boost outbound shipments, amid growing concerns over declining exports and geopolitical disruptions.The meeting comes at a time when Indian exporters are facing headwinds due to the ongoing tensions in West Asia, triggered by the conflict involving the US, Israel and Iran.Industry sources said the situation has …
New Delhi, April 26 (IANS) India and New Zealand are set to sign a long-awaited free trade agreement on Monday, more than four months after concluding negotiations, with the deal expected to significantly boost bilateral trade, investments and market access across sectors.The agreement will be signed at Bharat Mandapam in the presence of Piyush Goyal and Todd McClay, marking a major step in strengthening economic ties between the two countries.The pact is aimed at doubling bilateral trade to $5 …
New Delhi, April 24 (IANS) Commerce and Industry Minister Piyush Goyal on Friday welcomed Todd McClay, Minister for Trade and Investment of New Zealand to India, ahead of the free trade agreement (FTA) signing between the two countries on April 27.In a post on X, the minister said: “Delighted to welcome Mr. Todd McClay, Minister for Trade & Investment, New Zealand, to India, as we begin a new chapter in India-New Zealand economic ties”.He further stated that as we approach the India-NZ F…
New Delhi, April 24 (IANS) As India and New Zealand prepare to sign a Free Trade Agreement (FTA) on Monday, both sides are expected to benefit from expanded trade ties and improved market access, New Zealand Prime Minister Christopher Luxon has said.Taking to the social media platform X, Luxon said, “We will sign a Free Trade Agreement with India on Monday.”In a video message, Luxon said the agreement would improve market access for New Zealand exporters, particularly manufacturers of marine jet…
New Delhi, April 20 (IANS) Legal verification of the New Zealand-India Free Trade Agreement (FTA) has been completed, with both countries agreeing to its signing in New Delhi on April 27 in the presence of a large contingent of representatives of businesses from the two countries, Trade and Investment Minister Todd McClay said on Monday.In a statement, McClay said, “This once-in-a-generation agreement gives our exporters unprecedented access to 1.4 billion people and an economy set to become t…
New Delhi, March 28 (IANS) Commerce and Industry Minister Piyush Goyal has emphasised that WTO discussions must address the asymmetries from the Uruguay Round, underlining the importance of all members having a fair opportunity to build productive capacity, create employment, and participate meaningfully in global trade.The minister said that the multilateral trading system must ensure that innovation, development and opportunity are shared equitably among Members. He also stated India’s commitm…
New Delhi, Dec 22 (IANS) Commerce and Industry Minister Piyush Goyal said on Monday that the India and New Zealand free trade agreement (FTA) will ensure zero duty on 100 per cent of India’s exports, benefitting farmers, MSMEs, workers, artisans, women-led enterprises and youth, while providing immense opportunities for labour-intensive sectors such as textiles, apparel, leather and footwear.Sectors like engineering and manufacturing, automobiles, electronics, machinery, plastics, pharmaceutic…