New Zealand and India are strengthening their trade relationship through a Free Trade Agreement signed in April 2026, creating new opportunities for businesses, exporters and supply chain networks across both markets.
The agreement provides tariff elimination or substantial tariff reductions for 95% of New Zealand’s current exports, generating estimated tariff savings of around NZ$43 million annually from the start, with savings projected to reach approximately NZ$62 million once fully implemented based on current trade levels.
India’s large and growing market of around 1.4 billion people provides New Zealand businesses with greater opportunities to expand market access and develop stronger trading connections. As India’s economy continues to grow, merchandise trade between the two countries could increase further.
The agreement also extends beyond goods trade, supporting opportunities in services, investment, tourism and education. These areas can contribute to broader commercial partnerships and create additional connections across regional supply chains.
Economic modelling suggests the agreement could add close to 0.1% to New Zealand’s GDP over the next decade, while stronger trade links can support greater diversification of sourcing, markets and business partnerships.
The New Zealand India FTA therefore provides a framework for expanding cross border commerce, improving market access and strengthening supply chain connections between New Zealand and one of the world’s major growing economies.
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