Last Updated on October 21, 2026 9:14 pm by INDIAN AWAAZ
AMN/ WEB DESK
India and New Zealand have signed a Memorandum of Cooperation (MoC) on Electronic Origin Data Exchange to Facilitate Bilateral Trade Under the India-New Zealand Free Trade Agreement (FTA).
The MoC marks an important step towards strengthening customs cooperation and facilitating bilateral trade between the two countries. It was signed on 19th of this month by Central Board of Indirect Taxes and Customs Chairman Vivek Chaturvedi and Comptroller and Chief Executive, New Zealand Customs Service , Christine Stevenson.
Ministry of Finance has said that the MoC reflects the shared commitment of India and New Zealand to leverage digitalisation and enhanced information exchange for more efficient, secure and predictable cross-border trade.
The Memorandum of Cooperation between the two countries will deepen customs cooperation and support the effective implementation of trade facilitation measures.
The initiative reflects a forward-looking approach to align bilateral customs cooperation with evolving international practices in digitalisation, information exchange and trade facilitation.
The electronic exchange of origin data is expected to improve operational efficiency, reduce information gaps and provide greater certainty to traders engaged in bilateral trade.
The arrangement will support the effective utilisation of trade preferences under the India-New Zealand Free Trade Agreement . It will help ensure that the benefits negotiated under the Agreement reach eligible businesses in both countries more efficiently and with greater certainty.