India-New Zealand Free Trade Agreement (FTA)

  • The India-New Zealand Free Trade Agreement (FTA) came into force on the 20th October, 2026.
  • The agreement will provide 100% duty-free access to Indian exports in the New Zealand market.
  • Both countries aim to double bilateral trade in goods and services to approximately ₹35,000 crores by 2030.
Key Provisions of the India–New Zealand FTA
New Zealand has eliminated import duties on 100% of Indian exports.
India has reduced tariffs on around 95% of New Zealand’s imports, subject to specified conditions and exclusions under the agreement.
New Zealand has committed to facilitate US$20 billion in investment in India over 15 years.
The agreement includes mechanisms such as Tariff Rate Quotas (TRQs) for selected products to regulate imports under specified tariff conditions.