LOC18:40
15:40 GMT
NEW DELHI, Nov 3 (KUNA) -- India and New Zealand commenced on Monday the fourth round of negotiations for the India-New Zealand Free Trade Agreement in Auckland, New Zealand.
The Indian Ministry of Commerce and Industry said in a statement that the restarting of negotiations for the FTA between India and New Zealand marks another step forward in advancing a balanced, comprehensive, and mutually beneficial partnership between the two nations.
"Negotiations in this round are focusing on key areas, including trade in goods, trade in services, and rules of origin," the statement said, adding that both sides are working constructively to build on the progress achieved in earlier rounds, to reach convergence on outstanding issues and move towards the early conclusion of the FTA.
India and New Zealand reiterated their commitment to developing a forward-looking and inclusive trade framework that supports sustainable growth and shared prosperity for both economies. (end)
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