NEW DELHI: India and New Zealand have concluded negotiations on a free trade agreement, their prime ministers announced on Monday, marking New Delhi’s third such deal this year with a developed nation as it seeks to diversify its export market.
Negotiations on an FTA between India and New Zealand formally began in March 2025 during the visit of New Zealand Prime Minister Christopher Luxon to the South Asian nation. The two countries reached a deal after five formal discussion rounds over the course of nine months — New Delhi’s fastest with a developed country.
Under the pact, 100 percent of Indian goods will get duty-free access to the New Zealand market, while bilateral trade is expected to double in five years from the current $2.4 billion.
“This historic milestone reflects a strong political will and shared ambition to deepen economic ties between our two countries,” Indian Prime Minister Narendra Modi said on X.
“This FTA ensures: enhanced market access, deeper investment flows and numerous opportunities for innovators, entrepreneurs, farmers, MSMEs, students and youth.”
