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India-New Zealand FTA to Boost Trade, Investments; Takes Effect Oct 20
N
News18•21-09-2026, 14:00
India-New Zealand FTA to Boost Trade, Investments; Takes Effect Oct 20
- •The India-New Zealand Free Trade Agreement (FTA) will come into force on October 20, announced Commerce and Industry Minister Piyush Goyal.
- •The two nations signed the FTA on April 27 to enhance two-way commerce in goods and services and promote investments.
- •The agreement, effective on Dussehra, grants duty-free access for 100% of India’s exports to New Zealand.
- •Currently, New Zealand imposes peak tariffs of up to 10% on key Indian goods such as ceramics, carpets, automobiles, and auto components.
- •New Zealand has pledged to invest USD 20 billion in India over a period of 15 years.
Key Questions Answered
The India-New Zealand Free Trade Agreement is set to officially come into force on October 20, which coincides with Dussehra.
The FTA provides complete duty-free access for 100 percent of India’s exports to New Zealand, eliminating peak tariffs of up to 10 percent previously placed on key Indian goods.
New Zealand has committed to invest a total of USD 20 billion in India over a period of 15 years.
