Mumbai, Oct. 22 -- India and New Zealand have signed 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.

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 ...