The India-New Zealand Free Trade Agreement (FTA) came into effect on October 20, 2026, providing duty-free access to New Zealand for all Indian export tariff lines. The agreement is expected to create new opportunities for Indian exporters, particularly in textiles, apparel, leather, footwear and engineering goods.

Signed on April 27, 2026, the pact is India's 17th operational free trade agreement. It also covers services, investment, skills and professional mobility, supporting stronger business ties between the two countries.

New Zealand has committed $20 billion in foreign direct investment in India over 15 years. Both countries also aim to double bilateral trade by 2030.

The agreement is expected to improve market access for Indian businesses, strengthen export competitiveness and support greater cooperation across key industries.