India and New Zealand have signed a comprehensive Free Trade Agreement (FTA), with provisions expected to come into force by December 2026.
According to official statements, the agreement provides:
- 100% duty-free market access for India
- $20 billion in foreign direct investment (FDI) commitments over 15 years
- Easier labor mobility and business access
India will open around 70% of tariff lines, covering nearly 95% of New Zealand’s exports.
The deal marks India’s seventh FTA in the past five years, following agreements with Mauritius, UAE, Australia, EFTA countries, the UK, and Oman.
The agreement is expected to deepen bilateral trade, investment flows, and supply chain cooperation.
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