India-New Zealand FTA Takes Effect October 20 With Duty-Free Access

India-New Zealand FTA Takes Effect October 20 With Duty-Free Access

India and New Zealand’s free trade agreement, signed in April, is set to take effect on October 20, 2026. The pact is aimed at expanding bilateral trade, improving market access and encouraging investment between the two countries.

Under the agreement, Indian goods will receive duty-free access to the New Zealand market. New Zealand will also remove or reduce tariffs on around 95% of its exports to India, including products such as wine, kiwifruit and apples. The pact also includes provisions intended to make movement between the two countries easier for students and workers.

New Zealand has committed to investing $20 billion in India over the next 15 years. The two countries have set a goal of doubling bilateral trade by 2030. Their trade was valued at around $2.3 billion in the 12 months through June.

The agreement comes as India seeks to expand its network of trading partners amid changes in global trade policies. New Delhi has been negotiating and strengthening economic ties with several markets, including the UK and European Union, while concerns over US measures targeting buyers of Russian oil have added uncertainty to India-US trade relations.

New Zealand’s parliament recently passed legislation required to implement the agreement. Trade officials from both countries have described the FTA as a framework for expanding business opportunities and strengthening economic ties despite rising global trade barriers.

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Published: 2h ago

cricket blog team

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