The new Bond movie was initially expected to arrive in movie cinemas in November 2019 but that date was pushed back to 2020 after Britain's Danny Boyle pulled out as director and was replaced by American Cary Joji Fukunaga.
The new James Bond film finally has a title "No Time to Die" and an April 2020 release date, producers announced on Tuesday.
Filming for the new movie, previously known only as Bond 25, got underway in Jamaica in April when producers announced that Oscar winner Rami Malek will play the villain in latest entry in the lucrative British spy franchise.
Craig confirmed in 2017 that he would return for the fifth time as secret agent 007.
Producers said on Tuesday that the new film would see Bond enjoying a tranquil life in Jamaica after leaving active service before an old friend, Felix Leiter, from the CIA turns up asking for help.
Bond embarks on a mission to rescue a kidnapped scientist, which puts him on the trail of a mysterious villain armed with dangerous new technology, they added.
"No Time to Die" was initially expected to arrive in movie cinemas in November 2019 but that date was pushed back to 2020 after Britain's Danny Boyle pulled out as director and was replaced by American Cary Joji Fukunaga.
The film is also being shot in London, Italy and Norway and actors reprising their roles will include Ralph Fiennes as M, Naomie Harris as Moneypenny and Ben Whishaw as Q.
The Bond franchise is one of the movie world's most lucrative with 2015's "Spectre" raking in $880 million at the box office worldwide, while "Skyfall" in 2012 grossed more than $1 billion globally.