Negotiations for FTAs with Oman, New Zealand in last phase: Piyush Goyal
Commerce and Industry Minister Piyush Goyal has said that negotiations for Free Trade Agreements (FTAs) with Oman and New Zealand are in their last phase, and both are expected to be concluded soon. He said New Zealand Trade Minister Todd McClay is visiting New Delhi on December 12, 2025 for FTAs negotiations, as that are reaching the last phase.
He also indicated that negotiations for a trade pact with South American nation Chile will also be concluded soon. India Strengthens International Trade Partnerships Through FTAs. Enhancing market access and supporting global value chain integration. India advanced multiple trade negotiations in 2025, including with the EU, USA, Australia, GCC, Korea, Chile, Peru and Maldives.
Besides, on a trade agreement with Israel, Goyal said recently he held a meeting with Israeli Economy and Industry Minister Nir Barkat, and both sides have appointed their chief negotiators for the proposed pact. Last month in Tel Aviv, the two countries inked terms of reference (ToR) to formally launch negotiations for the agreement.
