India–New Zealand free trade agreement takes effect today
The India–New Zealand Free Trade Agreement entered into force on October 20, 2026, giving Indian exports duty-free access across all New Zealand tariff lines from day one.
AI-generated illustrative image representing India–New Zealand trade. It does not depict a specific signing ceremony or an actual shipment. Image: MyNilgiris/OpenAI.
In brief: The India–New Zealand Free Trade Agreement entered into force on October 20, 2026. New Zealand removed customs duties across all tariff lines covering Indian exports on day one, while India’s concessions for New Zealand goods will be phased in.
Key facts
- The agreement was signed in New Delhi on April 27, 2026.
- It entered into force on October 20, 2026, after both countries completed their domestic ratification procedures.
- New Zealand made all tariff lines covering imports from India duty-free from day one. India’s government said this removed previous peak tariffs of up to 10% on some products.
- For New Zealand exports to India, 57% of current exports are tariff-free at entry into force. Once the agreement is fully implemented, tariffs will be reduced or eliminated on 95% of New Zealand’s current exports, according to New Zealand officials.
- The pact includes an aim to promote US$20 billion in private investment into India over the next 15 years.
India’s Commerce Ministry said sectors including textiles, apparel, leather, footwear, engineering goods, pharmaceuticals, marine products, gems and jewellery, and handicrafts gain duty-free access to the New Zealand market.
Image note: The featured image above is AI-generated and illustrative. It does not depict a specific signing ceremony or an actual shipment.
