India and New Zealand Sign MoC on Electronic Origin Data Exchange
Ministry of Finance · IR · Posted 21 OCT 2026 5:02PM
What happened
The Central Board of Indirect Taxes and Customs (CBIC) and the New Zealand Customs Service signed a Memorandum of Cooperation on Electronic Origin Data Exchange under the India-New Zealand FTA, which entered into force on October 20, 2026.
Why it matters for UPSC
This agreement illustrates India's focus on bilateral trade agreements, international economic relations, and trade facilitation through digitalisation.
Key objectives
- Sign a Memorandum of Cooperation (MoC) concerning Electronic Origin Data Exchange of Trade in Goods under the India-New Zealand FTA.
- Leverage digitalisation and enhanced information exchange to facilitate secure, efficient, and predictable cross-border trade.
- Support the effective utilisation of trade preferences under the India-New Zealand Free Trade Agreement (FTA).