Story Content
On April 27, 2026, India and New Zealand inked a landmark Free Trade Agreement (FTA) at Bharat Mandapam in New Delhi. The agreement, signed by Commerce Minister Piyush Goyal and New Zealand's Trade and Investment Minister Todd McClay, was witnessed by business representatives.
New Zealand Prime Minister Christopher Luxon is describing the accord, finalized in a mere nine months in December 2025, as a "once-in-a-generation" opportunity. It provides 100% duty-free access for all Indian exports and removes or passes a heavy-duty reduction on 95% of the existing exports from New Zealand to India, including dairy, wine, wood, and meat (with some concessions).
The FTA is likely to boost total bilateral trade to approximately $5 billion in five years and bring $20 billion in New Zealand investments to India in the next 15 years. It encompasses physical and service goods, pharmaceuticals, textiles, engineering, and IT and is a significant boost to bilateral economic relations.
Comments
Add a Comment:
No comments available.