India and New Zealand to Sign Landmark Free Trade Agreement
India-New Zealand FTA to be signed on Monday, says PM Christopher Luxon
The Economic Times
Image: The Economic Times
India and New Zealand will sign a Free Trade Agreement (FTA) on April 27, 2025, aimed at doubling bilateral trade to $5 billion in five years. The deal includes tariff-free access for Indian goods, enhanced job opportunities, and significant investment commitments, marking a swift conclusion to negotiations initiated in March 2025.
- 01The FTA aims to double bilateral trade to $5 billion within five years.
- 02New Zealand will provide zero-duty access for Indian exports in key sectors.
- 03The agreement includes provisions for Indian students and professionals seeking opportunities in New Zealand.
- 04India will liberalize tariffs on about 70% of its goods, covering nearly 95% of trade.
- 05The deal is expected to attract $20 billion in investments into India over the next 15 years.
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India and New Zealand are poised to sign a Free Trade Agreement (FTA) on April 27, 2025, as announced by New Zealand Prime Minister Christopher Luxon. This agreement, which concluded negotiations on December 22, 2024, aims to double bilateral trade to $5 billion over the next five years. The FTA will grant tariff-free access for Indian goods in New Zealand, benefiting sectors such as textiles, pharmaceuticals, and engineering. Additionally, it includes provisions for Indian students, allowing them to study in New Zealand without numerical caps and offering post-study work rights of up to three years for STEM graduates. The agreement also facilitates 5,000 Temporary Employment Entry Visas for Indian professionals in various fields. With a commitment to invest $20 billion in India over the next 15 years, the FTA is expected to significantly boost job creation and exports, marking a swift conclusion to negotiations that began in March 2025.
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The FTA is expected to create job opportunities and increase exports for Indian businesses, while also providing New Zealand businesses access to India's vast consumer market.
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