India–New Zealand Free Trade Agreement Signed, Promises Major Boost to Exports and Investment

New Delhi, April 2026:
India and New Zealand have signed a landmark Free Trade Agreement (FTA), marking a significant step forward in bilateral economic relations and opening new avenues for trade, investment, and strategic cooperation.

The agreement eliminates customs duties on 100% of Indian exports to New Zealand, providing a major boost to Indian industries, particularly labour-intensive sectors such as textiles and leather. It is expected to enhance India’s competitiveness in global markets while expanding opportunities for exporters.

A key highlight of the pact is a USD 20 billion investment commitment over the next 15 years, aimed at strengthening long-term economic ties between the two countries. The agreement also focuses on promoting Micro, Small and Medium Enterprises (MSMEs) and women-led businesses, ensuring more inclusive economic growth.

The FTA carefully safeguards India’s sensitive sectors, particularly dairy and agriculture, while still enabling collaboration through initiatives such as the Agricultural Productivity Partnership. This initiative seeks to improve farm productivity and integrate Indian farmers into global value chains.

In a first-of-its-kind move, New Zealand will also facilitate access for health and traditional medicine services, opening new opportunities for India’s healthcare sector.

Trade between the two nations has already shown steady growth, rising from USD 855 million in 2015–16 to USD 1.298 billion in 2024–25. Notably, India has maintained a positive trade balance, with exports growing significantly faster than imports over the past decade.

Officials described the agreement as a “game changer” that will deepen economic engagement, enhance supply chain integration, and strengthen strategic ties between India and New Zealand in the years ahead.