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India-New Zealand FTA enters into force on 20 October 2026.
20 Oct 2026
Timeline
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Economy
India-New Zealand FTA enters into force on 20 October 2026123
The India-New Zealand Free Trade Agreement, signed on 27 April 2026, came into effect on 20 October. New Zealand gives duty-free access to 100% of Indian exports, with a USD 20 billion investment commitment.
- FTA signed in New Delhi on 27 April 2026 by Piyush Goyal and Todd McClay
- Entered into force on 20 October 2026 (Dussehra)
- New Zealand gives duty-free access to 100% of Indian exports from day one
- 57% of New Zealand exports to India tariff-free from day one, rising to 82% over time
- USD 20 billion investment commitment from New Zealand over 15 years
- Both sides completed ratification on 21 September 2026
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International
India and New Zealand sign free trade agreement in New Delhi4567
Commerce Minister Piyush Goyal and New Zealand's Trade Minister Todd McClay signed the India-New Zealand FTA in New Delhi on 27 April, after talks of about nine months. All Indian exports get duty-free access, India cuts tariffs covering about 95 percent of NZ exports with dairy and other sensitive items excluded, and NZ pledges about USD 20 billion investment over 15 years.
- Signed 27 April 2026 in New Delhi by Piyush Goyal and Todd McClay
- Talks took about nine months; terms concluded in December 2025
- All Indian exports to New Zealand duty free
- India cuts or removes tariffs covering about 95 percent of New Zealand's exports; dairy and some other sensitive farm goods excluded
- New Zealand to invest about USD 20 billion in India over 15 years
- Expected to come into force around October 2026
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International
India and New Zealand conclude free trade agreement talks8910
India and New Zealand announced the conclusion of FTA negotiations on 22 December. New Zealand will give zero-duty access to Indian exports and pledged large investment, while dairy stays excluded from Indian concessions.
- Conclusion of negotiations announced 22 December 2025 (talks launched March 2025)
- India's government says NZ eliminates duty on 100 percent of Indian exports
- India's government cites a USD 20 billion NZ investment commitment over 15 years (NZ side cites a NZ$34 billion private investment target)
- India's tariffs on core dairy are not liberalised
- Treaty signed in New Delhi on 27 April 2026
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