India–New Zealand Free Trade Agreement:
India and New Zealand have concluded negotiations on a comprehensive Free Trade Agreement (FTA) in just nine months, with formal signing expected in 2026.A Free Trade Agreement (FTA) is a bilateral pact where countries reduce or eliminate tariffs and non-tariff barriers on goods and services to boost trade, investment, and economic cooperation.
Targets of the India–New Zealand FTA
- Double bilateral trade from the current level to USD 5 billion within five years, deepening economic engagement.
- Facilitate USD 20 billion in New Zealand investments over 15 years, aligned with Make in India.
- Provide Indian exporters alternative markets amid high tariffs in the US and global protectionism.
- Strengthen services trade and skilled mobility through temporary employment visas and education linkages.
