India–New Zealand FTA to Be Signed: Zero Tariffs, Investment Boost, and New Opportunities
Piyush Goyal and Todd McClay to seal a fast-tracked trade deal aimed at boosting exports, investment, and jobs.
India and New Zealand will sign a landmark Free Trade Agreement (FTA) on April 27, 2026, in New Delhi. Finalized in just nine months, the deal is among India’s fastest trade negotiations.
The agreement will grant duty-free access to 8,284 Indian products in New Zealand from day one. Key sectors set to benefit include textiles, leather, engineering goods, electronics, and agriculture, including fruits, spices, and processed foods. India’s pharmaceutical and medical device industries will also gain easier market entry due to simplified regulatory approvals.
The deal is expected to boost exports significantly, with some sectors projected to reach $50 billion by 2030. Cities like Agra, a major hub for leather footwear, are likely to see direct gains.
For professionals, New Zealand will offer temporary work visas, issuing 1,667 annually for the first three years, with a cap of 5,000 visa holders at a time.
A major highlight is New Zealand’s commitment to invest up to $20 billion in India over 15 years, focusing on infrastructure, renewable energy, agriculture, and technology.
In return, New Zealand’s exports such as wool, wine, timber, and fruits like kiwi and apples will gain better access to Indian markets. Cooperation will also expand across sectors like fisheries and horticulture.
With bilateral trade currently at $1.3 billion, the FTA aims to push it to $5 billion within five years. The agreement awaits final approvals in both countries and is expected to be implemented by the end of 2026.
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