FTA with New Zealand will boost leather, other industries: Piyush Goyal
Union commerce minister Piyush Goyal said the India-New Zealand Free Trade Agreement, to be signed in Delhi, will open opportunities for leather, handicraft, handloom and ODOP sectors in Agra. He spoke during his Agra visit and a business meet with New Zealand ministers highlighted Agra’s export potential. The signing is planned for Monday, with officials optimistic about rapid trade benefits.
Why It Matters
The agreement aims to expand market access for key Indian industries and could boost Agra’s leather and handicraft sectors, potentially improving regional job and export growth.
Timeline
9 Events
Scheduled FTA signing in Delhi (planned for Monday)
The article notes that the India-New Zealand Free Trade Agreement is to be signed in Delhi on Monday, 27 April 2026, indicating progress from the Agra engagements and signaling anticipated trade and market-access gains.
CLE Chairman Pooran Dawar's outlook on FTA impact
Pooran Dawar, Chairman of Central Leather Exports, said Agra exporters hope the FTA and other bipartite agreements to be signed in Delhi on Monday will boost exports three to five times and help establish Agra as a world capital of footwear manufacturing.
Goyal's X post on Agra industry engagement
Goyal posted on X about an enriching industry engagement in Agra with leaders from leather & footwear, light engineering, AYUSH, pharma, medical devices and sports goods sectors, joined by Todd McClay.
Todd McClay discusses expanded trade opportunities
New Zealand’s minister for trade and investment, Todd McClay, said strengthening ties will open doors for trade of raw materials and boost design and manufacturing sectors through the partnership.
India-New Zealand Business Meet in Agra
Ministers from India and New Zealand attended the India-New Zealand Business Meet at a hotel in Agra. It was highlighted that Agra accounts for 75% of the nation’s leather export share and hosts about 5,000 MSMEs employing 4–5 lakh people, with exports to Europe, America and other regions.
Goyal on AAP leaders joining the BJP
Goyal said the joining of Aam Aadmi Party leaders, including Raghav Chadha and others, to the BJP was driven by perceptions of corruption and governance issues during the AAP regime.
Goyal comments on NDA prospects in Tamil Nadu and West Bengal
In response to a question, Goyal stated that under PM Narendra Modi’s leadership the National Democratic Alliance will form governments in Tamil Nadu and West Bengal, asserting that change is imminent in West Bengal.
Goyal discusses FTA benefits for Agra's leather, handicraft, handloom and ODOP sectors
Speaking to media outside the Taj Mahal, Goyal said the long-pending FTA with New Zealand to be signed in Delhi on Monday will open opportunities for Agra's leather, handicraft, handloom and ODOP businesses, with Indian goods entering New Zealand tax-free and duty-free.
Goyal arrives in Agra ahead of FTA-related engagements
Union commerce and industry minister Piyush Goyal arrived in Agra on Saturday night for engagements surrounding the India-New Zealand Free Trade Agreement. He was in Agra and visited the Taj Mahal in the early hours of Sunday.