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India-New Zealand FTA signed in April 2026, enabling zero-duty access for Indian exports to New Zealand
India and New Zealand have signed a landmark India–New Zealand Free Trade Agreement (IN–NZ FTA) on 27 April 2026 in New Delhi. The FTA aims to boost exports, MSMEs, investment flows, skills mobility and broader economic cooperation.
Defining features of the FTA are:
- Immediate zero-duty access for 100% of Indian exports to New Zealand, subject to Product-Specific Rules of Origin, benefiting key sectors such as textiles, engineering goods, pharmaceuticals, marine products and chemicals, among others.
- India has adopted a calibrated approach to imports, liberalizing around 70% of tariff lines while fully protecting sensitive sectors including dairy, select agricultural products, edible oils and certain metals and jewellery.
- The Agreement extends beyond goods to services, mobility and investment, including visa pathways for Indian professionals and students, and New Zealand’s commitment to facilitate up to US$20 billion in investment into India over 15 years.
- It also improves customs procedures, regulatory cooperation, protection of Indian Geographical Indications laws and introduces modern disciplines covering digital trade, MSMEs and dispute settlement.
Please access the detailed alert to understand the implications of this Agreement.