Question
Download Solution PDFWho are the key ministers involved in launching the negotiations for the India-New Zealand Free Trade Agreement (FTA)?
Answer (Detailed Solution Below)
Option 2 : Piyush Goyal and Todd McClay
Detailed Solution
Download Solution PDFThe Correct Answer is Piyush Goyal and Todd McClay.
In News
- India, New Zealand Begin Talks for Comprehensive Free Trade Agreement.
Key Points
- India and New Zealand have launched negotiations for a Free Trade Agreement (FTA) aimed at strengthening bilateral trade and investment.
- Piyush Goyal, Union Minister for Commerce and Industry, and Todd McClay, Minister for Trade and Investment of New Zealand, held a meeting in New Delhi to mark this milestone.
- Bilateral trade between India and New Zealand surpassed one billion US dollars from April 2024 to January 2025.
- The FTA negotiations aim to unlock new opportunities for businesses and consumers, focusing on supply chain integration and improving market access.
- Both countries share a partnership founded on democratic values, strong people-to-people ties, and economic complementarities.
- The negotiations reflect a shared vision for a stronger economic partnership, fostering resilience and prosperity.