Indian updates
India and New Zealand sign the India-New Zealand Free Trade Agreement
On 27th April 2026, the delegations from India and New Zealand signed the India- New Zealand Free Trade Agreement. The agreement grants 100% duty‑free access to all Indian exports to New Zealand from day one. This eliminates tariffs of up to 10% and significantly boosts competitiveness of textiles, apparel, leather, footwear, engineering goods, and processed foods, while also ensuring duty‑free access to key inputs like wooden logs, coking coal, and scrap for Indian manufacturing. India has liberalised 70.03% of tariff lines with the remaining kept in exclusion to protect sensitive sectors, including dairy, key agricultural products, sugar, gems and jewellery, and base metals. New Zealand will benefit from duty free access to India for forestry and timber, which account for 95% of country’s exports and enjoy duty free exports on wool and coal.
