New Zealand has passed legislation to implement a free trade agreement with India, supporting expanded market access and stronger trade connections between the two countries.
Under the agreement, tariffs on about 95% of New Zealand exports to India will be eliminated or significantly reduced. More than half of the covered products are expected to become duty free when the agreement takes effect.
The agreement can support smoother movement of goods between the two markets by reducing trade costs and improving access for exporters. These changes can also contribute to more efficient cross border supply chains.
India will provide duty free access for all of its goods entering New Zealand, while New Zealand has committed to investing $20 billion in India over the next 15 years.
Two way trade reached NZ$3.99 billion in the year to June 2026, highlighting the growing commercial connection between the two markets.
The agreement was originally signed in April and will take effect after both countries complete their respective ratification procedures.
The trade framework is expected to support greater market access, investment, and supply chain connectivity as New Zealand and India expand their economic relationship.
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