India and New Zealand signed a free trade agreement that came into force on October 20, with provisions to double trade to $7 billion by 2030, including quotas for kiwi and apple exports.
India and New Zealand begin a free trade agreement on October 20, with India gaining 100% duty-free access and New Zealand applying up to 10% tariffs on key goods. The deal includes a $20 billion investment commitment and aims to double trade to NZ$7 billion by 2030. India's exports to New Zealand were $1.1 billion in FY2025-26.
- The India-New Zealand trade agreement begins on Tuesday.
- India gains 100 percent duty-free access to the New Zealand market.
- The agreement envisions $20 billion in foreign direct investment from New Zealand into India.
- The pact aims to double bilateral trade in goods and services to NZ$7 billion by 2030.
- India's merchandise exports to New Zealand were about $1.1 billion in FY2025-26.
- India offered duty concessions on 70 percent of tariff lines.
Outlets: Business Standard, Hindustan Times, Mint, NZ Herald, Newsroom, The Economic Times, The Hindu (International), Times of India (Top)
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