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India and New Zealand signed a free trade deal on Monday as they seek to boost exports amid global economic uncertainty made worse by the war in the Middle East.
Negotiations over the agreement concluded in December 2025, and will see India gain greater access for a range of products, including engineering goods, machinery and textiles, while also protecting its sensitive dairy sector.
“This forward-looking agreement will also facilitate $20 billion of investment into India,” New Delhi’s Commerce Minister Piyush Goyal said after signing the agreement alongside his New Zealand counterpart, Todd McClay.
New Delhi, in return, has offered to reduce tariff barriers in sectors such as forestry, lamb and wool, while granting quota-based access for fruits such as apples.
