India and New Zealand have signed a free trade agreement aimed at reducing tariffs, improving market access, and easing entry for select agricultural goods amid global trade uncertainties.
Finalised in December, the deal will see New Zealand remove duties on all Indian exports, while India will cut tariffs on 95% of imports from New Zealand. The agreement was signed in New Delhi in the presence of business leaders from both countries.
The move is part of India’s broader push to expand trade ties, including ongoing agreements with partners such as the UK and the European Union, to diversify its global trade network.
New Zealand Prime Minister Christopher Luxon described the India–New Zealand FTA as a “once-in-a-generation” deal, offering exporters access to India’s vast market. The agreement was signed by Piyush Goyal and Todd McClay, and will now undergo parliamentary review in New Zealand.
India said it protected domestic interests, especially in sectors like dairy. The deal removes tariffs on items such as sheep meat, wool, and coal, while improving access for fruits including kiwis, cherries, and avocados.
Prime Minister Narendra Modi called the agreement a landmark, saying it will boost opportunities for farmers, businesses, and innovators while strengthening bilateral ties.
