The Confederation of Indian Industry (CII) has urged Indian exporters, particularly micro, small and medium enterprises (MSMEs), to take advantage of the India-New Zealand Free Trade Agreement (FTA), which came into effect on October 20, 2026.

Sanjay Budhia, Chairman of the CII National Committee on Exports and Managing Director of Patton International Ltd, encouraged businesses to engage with New Zealand buyers, understand product-specific rules of origin and utilise government support schemes such as the Export Promotion Mission.

Under the agreement, Indian exporters receive duty-free access across all tariff lines in New Zealand. Tariffs of up to 10% on products including engineering goods, textiles, leather and footwear have been reduced to zero, creating new opportunities for Indian businesses in the market.

The agreement is expected to benefit several sectors, including engineering, chemicals, plastics, electronics, pharmaceuticals and processed foods. Labour-intensive industries such as textiles, leather and footwear are also positioned to benefit from improved market access.

Budhia highlighted that New Zealand could serve as a gateway for Indian exporters seeking to expand into wider Oceania and Pacific Island markets, offering opportunities to diversify export destinations and strengthen international trade relationships.

The agreement also introduces measures aimed at simplifying trade procedures. Streamlined Sanitary and Phytosanitary (SPS) measures, Technical Barriers to Trade (TBT) procedures and electronic certification are expected to reduce compliance costs. Acceptance of Good Manufacturing Practices (GMP) and Good Clinical Practice (GCP) inspection reports will further support eligible businesses.

CII has encouraged exporters to act early, understand the agreement's requirements and build strong buyer relationships to maximise the benefits of improved market access and strengthen India's export competitiveness.