On 27 April 2026, India and New Zealand signed a landmark Free Trade Agreement (FTA) in New Delhi, granting 100% duty-free access to Indian exports in the New Zealand market. The agreement also includes a $20 billion investment commitment from New Zealand over 15 years and is expected to double bilateral trade within a decade.
The FTA covers 8,284 Indian export products such as textiles, leather, automobiles, and ceramics, while New Zealand will receive tariff elimination on 95% of its exports to India, including dairy and wine. It also provides a mobility pathway with 5,000 annual visas for professionals.
Strategically, the deal strengthens India’s Indo-Pacific trade presence and helps New Zealand diversify its markets. However, concerns remain over agricultural competition, especially in the dairy sector, and the agreement requires final ratification before implementation.
