The FTA, concluded after nine months of negotiations, includes significant tariff reductions on key fruit imports such as kiwifruit and apples, while India has protected its sensitive dairy sector. New Zealand Prime Minister Christopher Luxon emphasized that the agreement opens opportunities for 1.4 billion consumers in India. The deal is part of India's strategy to diversify its export markets amid global trade tensions, particularly in light of U.S. tariffs and instability in the Middle East.
BUSINESSPublished 27 Apr 2026 • Published 1 day ago • Updated 19h ago
India and New Zealand Sign Free Trade Agreement on Monday
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On April 27, 2026, India and New Zealand signed a free trade agreement (FTA) aimed at boosting exports and easing visa access. The pact will cut tariffs on 95% of New Zealand's exports to India and is expected to facilitate $20 billion in investment into India.
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