New Delhi, December 22:
The India–New Zealand Free Trade Agreement (FTA) is expected to place the bilateral partnership on an accelerated growth trajectory, significantly enhancing cooperation across trade, investment and strategic sectors. The agreement aims to reduce tariffs, remove non-tariff barriers and create new opportunities for businesses in both countries.
Officials said the FTA will provide a major boost to Indian exports such as textiles, pharmaceuticals, engineering goods, IT services and agricultural products, while New Zealand exporters are set to gain improved access to the Indian market for dairy, horticulture, meat products and education services. The deal is also expected to strengthen supply chains and encourage greater two-way investments.
Beyond trade, the agreement is seen as a step towards deepening overall bilateral relations, including cooperation in education, technology, renewable energy and people-to-people ties. Experts noted that the FTA reflects the shared commitment of India and New Zealand to economic integration, rules-based trade and long-term strategic partnership in the Indo-Pacific region.
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