The Free Trade Agreement (FTA) between India and New Zealand, signed by Prime Minister Narendra Modi and Prime Minister Christopher Luxon, represents a historic milestone in bilateral relations. PM Modi emphasized that the agreement will enhance the developmental partnership between the two nations, benefiting farmers, youth, women, and micro, small, and medium enterprises (MSMEs). With a commitment of $20 billion in investment from New Zealand, the FTA aims to foster cooperation in agriculture, manufacturing, and technology, creating new growth avenues. Luxon noted that the FTA will provide Indian exporters with tariff-free access to the New Zealand market from the outset, while also improving access for Indian consumers to high-quality New Zealand exports. The total bilateral trade in goods and services was reported at $2.4 billion in 2024, indicating the growing economic ties between the two countries. Both leaders expressed optimism about the future of India-New Zealand relations, highlighting the importance of the Indian diaspora in New Zealand as a vital connection between the two nations.