Prime Minister Narendra Modi has described the proposed India-New Zealand Free Trade Agreement (FTA) as a "landmark moment" in the relationship between the two countries, highlighting its potential to deepen economic engagement.
Speaking on the development, Mr Modi said the ongoing efforts towards a trade pact reflect growing trust, shared values and common ambitions between India and New Zealand. He noted that closer economic cooperation is expected to provide fresh momentum to bilateral ties.
The discussions around the agreement are aimed at strengthening trade and investment flows, while expanding collaboration across sectors such as agriculture, technology, education and innovation. According to the Prime Minister, enhanced engagement could create new opportunities for businesses, professionals and students.
New Zealand Prime Minister Christopher Luxon also described the development as a significant step forward, stating that stronger trade ties could support economic growth and improve market access for exporters in both countries.
Officials indicated that the proposed framework is expected to facilitate smoother trade flows and encourage sectoral cooperation, while contributing to long-term economic partnership.
Mr Modi added that advancing trade relations with New Zealand aligns with India's broader global economic strategy and could help unlock new opportunities, strengthening ties between the two nations.