India-New Zealand FTA Concluded: India to Cut Tariffs on 95% NZ Goods

• India and New Zealand have concluded negotiations for a Free Trade Agreement (FTA) to boost bilateral trade and investments.
• India will reduce or completely eliminate tariffs on 95% of New Zealand's products exported to India.
• New Zealand's annual exports to India are projected to increase from US$1.1 billion to US$1.3 billion over the next two decades.
• Bilateral trade was approximately $1.3 billion in FY2024-25, with India's average import duty at 17.8% compared to New Zealand's 2.3%.
• The FTA aims to deepen economic relations, enhance market access, and double bilateral trade in 5 years, with NZ investing US$20 billion in India over 15 years.

Why It Matters: India-New Zealand FTA finalized, India to cut tariffs on 95% NZ goods, boosting trade and investment.