India and New Zealand to Sign Free Trade Agreement on April 27, 2026
| Event | Details |
|---|---|
| Date | 27th April 2026 |
| Agreement | India-New Zealand Free Trade Agreement (FTA) |
| Objective | Strengthen economic ties, boost exports, attract $20 billion in investment over 15 years, improve market access, and enhance sectoral cooperation. |
| Key Figures | - Trade Target: Bilateral trade expected to double to $5 billion within five years. |
| Trade Benefits | - India: Duty-free access on 100% of exports to New Zealand (e.g., textiles, pharmaceuticals, engineering goods). |
| - New Zealand: India to reduce/eliminate tariffs on 95% of exports (e.g., wool, coal, wood, wine, avocados, blueberries). | |
| Exclusions | India excludes sensitive sectors: dairy products, edible oils, and certain agricultural goods to protect domestic farmers and industries. |
| Strategic Importance | Reflects India's push to expand global trade partnerships, reduce dependence on limited markets, and strengthen its position in the Indo-Pacific region. |