India-New Zealand FTA: Export-import will become easier with India-New Zealand FTA, know this deal
India-New Zealand FTA: Prime Minister Narendra Modi and his New Zealand counterpart Christopher Luxon on Monday announced the completion of negotiations on a “historic” free trade agreement (FTA) between the two countries. Both countries have described it as a historic, ambitious and mutually beneficial agreement. The special thing is that this FTA was completed in just 9 months, whereas usually such agreements take years.
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Its talks started during PM Laxon’s visit to India in March 2025. With this free trade agreement, duty on 95 percent of our products exported to India will be reduced or completely eliminated. According to reports, this agreement will provide easy access to the market, open new avenues of investment, benefit MSMEs, startups, farmers and youth and increase strategic cooperation between the two countries.
India–New Zealand bilateral trade
Zero duty market access on 100% of India’s exports. India has offered duty liberalization in 70 per cent of categories covering 95 per cent of India-New Zealand bilateral trade.
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Both the leaders expressed confidence that with the help of this FTA, bilateral trade can double in the next 5 years. Investment worth $20 billion will come to India from New Zealand in the next 15 years. This agreement will serve to link India’s rapidly growing economy and New Zealand’s strong agricultural and technology capabilities.
Important points of the agreement
This market access enhances the competitiveness of India’s labour-intensive sectors such as textiles, apparel, leather, footwear, marine products, gems and jewellery, handicrafts, engineering goods and motor vehicles.
This free trade agreement, the fastest concluded with any developed country, ensures a great end to the year for all Indian exports including textiles, pharmaceuticals, leather, engineering goods and agro products.
A dedicated quota of 5,000 temporary employment entry visas for professionals and 1,000 working and holiday visas.
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