India’s Free Trade Agreement (FTA) with New Zealand came into effect on October 20, 2026, providing zero-duty market access for 100% of Indian goods exported to the country. The agreement is expected to create new opportunities for India’s textile, apparel, leather and footwear industries.

The pact removes import duties of up to 10% previously faced by Indian exporters, improving their competitiveness in the New Zealand market. Other sectors expected to benefit include pharmaceuticals, engineering goods, processed foods, marine products and plastics.

Commerce and Industry Minister Piyush Goyal said the agreement aims to increase bilateral trade in goods and services to around NZ$7 billion, or ₹35,000 crore, by 2030.

New Zealand has also committed to facilitate $20 billion in foreign direct investment in India over 15 years. The agreement further expands opportunities in services, professional mobility, education and tourism, strengthening economic ties between the two countries.