India and New Zealand are edging closer to finalizing a Free Trade Agreement (FTA) aimed at deepening economic cooperation and boosting bilateral trade.

New Zealand’s Trade and Investment Minister Todd McClay confirmed that negotiations have made steady progress, with both nations committed to crafting an agreement that promotes mutual prosperity and creates new opportunities for businesses and citizens alike.

The update follows recent discussions between India’s Commerce Minister Piyush Goyal and New Zealand’s Prime Minister Christopher Luxon at the India–New Zealand Business Forum, where leaders explored trade diversification, investment, and market access across key sectors including agriculture, technology, and renewable energy.

Officials on both sides have expressed optimism that a successful deal could mark a new era in Indo-Pacific trade relations, strengthening ties between two of the region’s dynamic economies.