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.

India and New Zealand finalise a trade deal, enhancing exports and fostering economic growth between the two nations.

India which has ambitions to become an export powerhouse has been looking to diversify its exports. This is the third trade pact India has signed this year.