New Zealand parliament passes India trade deal, cutting tariffs on most exports
The law passed 93-29 and gives duty-free access to all Indian goods while cutting tariffs on 95% of New Zealand exports.
- On Tuesday, Commerce Secretary Rajesh Agrawal announced the India-New Zealand FTA is expected to become operational in late October 2026, with a target date of October 19.
- The two countries signed the FTA on April 27 to boost two-way commerce in goods and services and promote investments between India and New Zealand.
- New Zealand has committed to invest USD 20 billion in India over 15 years under the bilateral agreement, strengthening economic ties between the nations.
- The FTA provides duty-free access for 100 per cent of Indian exports to New Zealand, eliminating peak tariffs of up to 10 per cent on goods like ceramics and automobiles.
- Both sides must complete stock-taking of operationalization processes and procedures before officials announce the exact start date for the agreement.
49 Articles
49 Articles
In New Zealand, Parliament voted in favour of the agreed trade agreement with India.
New Zealand Parliament Clears FTA with India
Get latest articles and stories on World at LatestLY. New Zealand's Parliament on Wednesday cleared the India-New Zealand Free Trade Agreement (FTA), with lawmakers voting 93-29 in favour of the legislation, taking the bilateral trade pact closer to implementation. World News | New Zealand Parliament Clears FTA with India.
New Zealand parliament clears FTA with India - The Tribune
New Zealand's Parliament on Wednesday cleared the India-New Zealand Free Trade Agreement (FTA), with lawmakers voting 93-29 in favour of the legislation, taking the bilateral trade pact closer to implementation.
New Zealand Parliament passes India trade deal bill, tariff relief on 95% of exports
New Zealand's Parliament has passed a bill to implement its free trade agreement with India. The deal promises tariff relief for most New Zealand exports while opening duty-free access to Indian goods.
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