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India-New Zealand trade pact to come into force on October 20, Indian minister says

  • Trade and Investment Minister Todd McClay and High Commissioner Muanpuii Saiawi exchanged Diplomatic Notes on Monday, September 21, 2026, formally ratifying the India-New Zealand Free Trade Agreement in Parliament.
  • The two countries inked the agreement on April 27, 2026, and New Zealand's Parliament passed implementing legislation on September 16, 2026, completing domestic legal processes required for ratification.
  • Prime Ministers described the FTA as "historic," with New Zealand removing all tariffs on Indian goods while India will reduce or eliminate tariffs on 95% of imports from New Zealand.
  • The agreement comes into force on October 20, 2026, formally launching the trade partnership after both nations completed their respective domestic legal procedures and exchanged formal documentation.
  • New Zealand exporters will access one of the world's fastest-growing markets, enabling Kiwi businesses to diversify and build economic resilience as global trade uncertainty persists.
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India Shipping News broke the news on Monday, September 21, 2026.
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