India and New Zealand Set to Sign Free Trade Agreement Next Week
India And New Zealand To Sign FTA Next Week, Says PM Christopher Luxon
Ndtv
Image: Ndtv
India and New Zealand will sign a Free Trade Agreement (FTA) on April 27, 2026, aimed at doubling bilateral trade to $5 billion in five years. The deal includes tariff-free access for Indian goods to New Zealand and provisions for skilled Indian professionals to work in New Zealand.
- 01The FTA aims to double India-New Zealand bilateral trade to $5 billion within five years.
- 02Indian goods will receive tariff-free access to New Zealand's market, while tariffs on 95% of New Zealand's exports to India will be reduced or eliminated.
- 03India will not concede duties on dairy products to protect its farmers.
- 04New Zealand will offer 5,000 temporary employment visas annually for skilled Indian professionals.
- 05Bilateral trade was approximately $1.3 billion in 2024-25, with services trade reaching $1.24 billion.
Advertisement
In-Article Ad
India and New Zealand are set to sign a Free Trade Agreement (FTA) on April 27, 2026, in New Delhi, as announced by New Zealand's Prime Minister Christopher Luxon. This agreement aims to double bilateral trade to $5 billion over the next five years. Under the FTA, Indian goods will gain zero-duty access to the New Zealand market, while tariffs on 95% of New Zealand's exports to India will be reduced or eliminated. Notably, India will not make any duty concessions on dairy products to protect its domestic farmers. Additionally, New Zealand will provide a pathway for 5,000 temporary employment visas annually for Indian professionals in skilled occupations. The current bilateral merchandise trade stands at around $1.3 billion for the year 2024-25, with services trade contributing significantly to the overall trade volume.
Advertisement
In-Article Ad
The FTA is expected to enhance trade relations, providing Indian exporters with better market access and creating job opportunities for skilled professionals in New Zealand.
Advertisement
In-Article Ad
Reader Poll
Do you think the India-New Zealand FTA will benefit both countries?
Connecting to poll...
Read the original article
Visit the source for the complete story.