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India-New Zealand FTA: 0% Tax on Indian Goods, Golden Opportunity for Trade!
N
News18•21-09-2026, 16:59
India-New Zealand FTA: 0% Tax on Indian Goods, Golden Opportunity for Trade!
- •The Free Trade Agreement (FTA) between India and New Zealand will come into effect on October 20.
- •Under this agreement, 100% of India's exports to New Zealand will receive duty-free access, eliminating up to 10% tariffs.
- •The trade between the two countries is targeted to increase from $2.4 billion to $5 billion.
- •New Zealand commits to investing $20 billion in India over 15 years and offers 5,000 work visas annually for Indian professionals.
- •India has protected its domestic economy by excluding sensitive sectors like dairy products and onions from tax concessions.
Key Questions Answered
The Free Trade Agreement (FTA) between India and New Zealand will come into effect on October 20, coinciding with Dussehra.
Under the new agreement, New Zealand has completely eliminated tariffs, granting 100 percent of Indian exports duty-free access with a zero percent tax rate.
A special work visa quota has been established for 5,000 Indian professionals every year under this trade agreement.
