US EditionIndia and New Zealand finalize a free trade agreement, eyeing growth as global uncertainties persist
The agreement cuts tariffs on 95% of New Zealand exports and includes a $20 billion investment pledge, aiming to boost trade and jobs amid global trade uncertainties.
- On Monday, Prime Ministers Narendra Modi and Christopher Luxon announced India and New Zealand successfully concluded negotiations for a comprehensive free trade agreement following their phone call.
- Negotiations began March 16, 2025, when Piyush Goyal and Todd McClay launched talks aiming to lower tariffs, ease regulatory barriers, and expand cooperation over about nine months.
- Officials say more than half of New Zealand products are duty-free from day one, with the agreement eliminating tariffs on 95% of exports and forecasting a $1.1 billion to $1.3 billion export rise.
- A formal signing is expected in the first quarter of next year after legal scrubbing, but parliamentary approval faces uncertainty as New Zealand First says it will vote against enabling legislation.
- Strategically, the deal aims to diversify markets and boost investment, including a $2.4 billion New Zealand commitment and a pathway for up to 5,000 Indian professionals.
98 Articles
98 Articles
New Zealand foreign minister opposes trade pact with India, calls it 'neither free nor fair'
New Zealand's coalition government faces internal opposition to the India FTA, with Foreign Minister Winston Peters vowing to vote against it. He argues the deal is unfair, giving too much on immigration without sufficient returns, particularly for dairy exports. Despite this, the opposition ...
India–New Zealand conclude free trade talks, to sign deal in 2026
New Delhi: India and New Zealand on Monday said they have concluded talks on a free trade deal that will give India tariff-free access to the island nation’s markets, bring in USD 20 billion of investment over the next 15 years and help double bilateral trade in the next five years. The third free-trade agreement this year, following a similar pact with the UK in July and another with Oman earlier this month, will give India more temporary emplo…
India and New Zealand agreed on a free trade agreement.
Times of India
The Economic TimesIndia–New Zealand FTA to bring $20 billion FDI commitment over 15 years
New Zealand will invest twenty billion US dollars in India over the next fifteen years. This commitment is part of a new free trade agreement between the two nations. The pact aims to boost manufacturing, infrastructure, and services in India. This significant foreign direct investment is expected to create jobs and support India's growth vision.
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