India’s Free Trade Agreement (FTA) with New Zealand is set to create significant opportunities for Indian businesses, farmers and exporters by providing duty-free access for 100% of Indian exports to the New Zealand market.

Commerce Minister Piyush Goyal said the agreement will benefit micro, small and medium enterprises (MSMEs), women, youth and labour-intensive industries by improving market access and creating new opportunities for trade and employment.

The agreement is also expected to support Indian farmers by expanding access for agricultural products, including fruits, vegetables, spices and other produce. Cooperation between the two countries will focus on improving productivity, increasing farmers’ incomes and strengthening rural livelihoods. Sensitive sectors, including dairy, remain protected under the agreement.

A key highlight is New Zealand’s commitment to facilitate $20 billion in investment into India. These investments are expected to support manufacturing, infrastructure, services and innovation, helping strengthen industrial development and generate employment opportunities.

The agreement also opens new pathways for Indian professionals and entrepreneurs to build international partnerships and expand their businesses. Goyal encouraged exporters and MSMEs to make full use of the trade pact to improve competitiveness and establish stronger connections with New Zealand.

Negotiations for the agreement began in March 2025, reflecting the commitment of both countries to building a balanced and mutually beneficial economic partnership. With the FTA coming into force, India and New Zealand aim to strengthen bilateral trade, encourage investment and promote long-term economic growth.