India and New Zealand have signed a landmark Free Trade Agreement (FTA) that grants 100% duty-free access to Indian exports, while unlocking a $20 billion (₹18.49 lakh crore) investment commitment over the next 15 years, marking a major step in strengthening bilateral trade and economic cooperation. (Press Information Bureau)
The agreement covers all tariff lines, ensuring Indian goods—from textiles and pharmaceuticals to engineering products—enter New Zealand markets with zero duty, significantly improving competitiveness and export potential. At the same time, India has adopted a calibrated approach by offering tariff liberalisation on 70.03% of tariff lines covering 95% of trade value, while keeping 29.97% of sensitive sectors—especially dairy and key agricultural products—excluded to protect domestic farmers.
A key highlight is New Zealand’s commitment to invest $20 billion in India, targeting sectors such as infrastructure, renewable energy, technology, and manufacturing, alongside boosting MSMEs and innovation ecosystems. The FTA also promotes cooperation in services, mobility, and skills, with expanded access across 118 service sectors and improved opportunities for professionals.
The deal is expected to double bilateral trade, enhance supply chain integration, and provide Indian industries with a stronger foothold in the Indo-Pacific region, while maintaining safeguards for critical sectors like dairy—highlighting a balanced approach between liberalisation and domestic protection.
Source: Dairynews7x7 28 April, 2026 Read full here
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