?India–New Zealand Seal Free Trade Deal to Boost Growth and Expand Market Access?

?India–New Zealand Seal Free Trade Deal to Boost Growth and Expand Market Access?

India and New Zealand have finalized a free trade agreement to strengthen economic ties and support growth amid global trade uncertainty. The deal is expected to be formally signed in the first quarter of next year after legal review.

Negotiated over nine months, the agreement will cut tariffs, reduce regulatory barriers, and boost cooperation in goods, services, and investments. It reflects India’s push to diversify export markets as it faces higher U.S. import tariffs.

Under the deal, India will get zero-duty access for all its exports to New Zealand. In return, New Zealand will receive tariff concessions and market access for about 70% of India’s tariff lines, covering 95% of its exports over time.

Indian sectors such as textiles, apparel, engineering goods, leather, footwear, and marine products are expected to benefit, while New Zealand will gain in areas like horticulture, wood, coal, wool, and meat. New Zealand has also committed to invest $20 billion in India over 15 years.

Sensitive items such as dairy products, certain animal products, onions, and almonds have been excluded from the agreement.

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