Who are the key ministers involved in launching the negotiations for the India-New Zealand Free Trade Agreement (FTA)?

  1. Narendra Modi and Christopher Luxon
  2. Piyush Goyal and Todd McClay
  3. S. Jaishankar and Damien O'Connor
  4. Amit Shah and Ardern

Answer (Detailed Solution Below)

Option 2 : Piyush Goyal and Todd McClay

Detailed Solution

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The 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.

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