File Picture : ANI
India and New Zealand have announced the conclusion of free trade agreement negotiations, a move aimed at boosting bilateral trade in goods and investments.
The talks started in May this year.
According to media reports, New Zealand Prime Minister Christopher Luxon said that negotiations for a free trade agreement with India have been concluded. The free trade agreement (FTA) reduces or removes tariffs on 95 per cent of our exports to India.
The India–New Zealand Free Trade Agreement signals a new era of economic collaboration, unlocking wider markets and accelerating export potential.
Guided by Hon’ble PM Shri @NarendraModi ji’s vision, India continues to deepen its role in the global economy. #IndiaNZFTA 🇮🇳 🇳🇿 pic.twitter.com/BE9NhX6GVV— Kirti Vardhan Singh (@KVSinghMPGonda) December 22, 2025
It’s forecast that New Zealand exports to India could increase from $1.1 billion to $1.3 billion per year over the coming two decades, Luxon said in a social media post.
I’ve just spoken with India’s Prime Minister Narendra Modi following the conclusion of the NZ-India Free Trade Agreement.
The FTA reduces or removes tariffs on 95% of our exports to India. It’s forecast that NZ exports to India could increase $1.1B to $1.3B per year over the… pic.twitter.com/FEat7BQWOI
— Christopher Luxon (@chrisluxonmp) December 22, 2025
“I’ve just spoken with India’s Prime Minister Narendra Modi following the conclusion of the NZ-India Free Trade Agreement.
“The agreement builds on the strong friendship between our two countries. India is one of the fastest-growing economies in the world, and this gives Kiwi businesses access to 1.4 billion Indian consumers,” Luxon said.
In FY25, the bilateral trade was about $1.3 billion (India’s exports were $711.1 million and imports were $587.1 million).
India and New Zealand conclude negotiations on a comprehensive Free Trade Agreement covering goods, services & investment.
This landmark deal will bring major economic gains, create opportunities and jobs for the people especially the youth, strengthen market access, and drive… https://t.co/wFOx8kaCum
— Randhir Jaiswal (@MEAIndia) December 22, 2025
New Zealand’s average import tariff is just 2.3 per cent, compared with India’s 17.8 per cent, and 58.3 per cent of New Zealand’s tariff lines are already duty-free.
India’s export basket to New Zealand is broad-based but concentrated in fuels, textiles, and pharmaceuticals. Aviation turbine fuel (ATF) led shipments at $110.8 million, followed by clothing, fabrics, and home textiles at $95.8 million.
Medicines accounted for $57.5 million, while machinery, including turbojets, contributed $51.8 million.
