The Free Trade Agreement between India and New Zealand will advance a new Era of Economic Partnership and Opportunity. New Zealand has committed to facilitating investments of 20 billion dollars into India over the next fifteen years. According to the FTA, a new generation trade deal for Viksit Bharat 2047, encompassing Tariffs, Talent, Investment and Farm Productivity, empowering youth, farmers, women, artisans, and MSMEs, has been agreed upon. The trade includes 100% duty-Free Access across all tariff lines, benefiting diverse sectors. The FTA promotes India’s AYUSH systems internationally, encourages medical value travel, and positions India as a global wellness hub. The agreement has further given a boost to farms, fisheries and factories through Zero-duty market access on 100 per cent of India’s exports. To ensure protection for farmers, rural economies and the domestic industry, the Government has excluded key sensitive sectors such as dairy, animal products and agricultural products. The FTA will also boost student mobility through post-study work visas and professional pathways in New Zealand, with no numerical caps on Indian students. The India-New Zealand FTA stands as a significant step in India’s journey towards becoming a globally competitive, inclusive and resilient economy under the vision of Viksit Bharat 2047.
Trade Boost: India–New Zealand FTA Delivers Duty-Free Access, $20 Billion Investment Push
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