India-New Zealand FTA Unlocks $6 Billion Export Market

• India-New Zealand FTA negotiations concluded on December 22, granting zero-duty access for Indian exports to New Zealand.
• The agreement opens up a $6 billion market in New Zealand, where India's current export penetration is minimal.
• India will liberalize tariffs on approximately 95% of New Zealand's exports.
• Key sectors like machinery, chemicals, textiles, pharmaceuticals, and industrial goods are set to gain significant competitiveness.
• The FTA provides a structural opening for India to expand into mature, high-income markets, reshaping its export geography.

Why It Matters: FTA offers India a $6 billion market in New Zealand, boosting exports and market access.