India and New Zealand have finalized a Free Trade Agreement (FTA) that promises better market access, investment opportunities, and stronger ties between the two countries.
The deal negotiated quickly and set the foundation for a partnership focused on people and jobs. It allows both countries to look at shared future that reflects their development goals.
India and New Zealand signed trade agreement
The negotiations between India and New Zealand progressed swiftly. This agreement is one of the fastest FTAs concluded between India and NZ. It shows a shared commitment to open trade, inclusive growth, and deeper economic integration in a competitive global market.
Zero duty market access for Indian exports
A key aspect of the agreement is the complete zero-duty market access for 100 % of Indian exports to New Zealand. India also agreed to reduce tariffs on 70 % of its tariff lines and covers wide range of products, such as textiles, pharmaceuticals, agricultural goods, leather, and engineering items.
This strengthens India’s export competitiveness and opens up various opportunities for Indian businesses. The India and New Zealand agreement goes beyond goods. It offers easier access in service sectors, including IT and professional services, tourism, construction, and audio-visual services. It also expands opportunities for students and professionals by increasing post-study work visas and employment visas, creating new pathways for youth and skilled workers from India.