India and New Zealand have officially concluded a historic Free Trade Agreement (FTA) aimed at doubling bilateral trade over the next five years. Under the deal, New Zealand will eliminate or reduce tariffs on 95% of its exports to India, while Indian products gain duty-free access to the Kiwi market. Both countries also plan $20 billion in investment from New Zealand into India over the next 15 years, opening doors for deeper economic cooperation.
Key Indian sectors like textiles, engineering goods, and seafood are expected to benefit significantly from easier market access and reduced barriers. While some sensitive products, such as dairy and edible oils, remain protected, this agreement marks a major step in India’s trade diversification strategy amid global uncertainties. Experts say this could enhance export competitiveness and strengthen India’s place in global supply chains.
