India, New Zealand Seal Landmark Free Trade Agreement in Delhi

India and New Zealand officially signed a comprehensive Free Trade Agreement (FTA) in New Delhi today, Monday, April 27, 2026. New Zealand's Trade and Investment Minister Todd McClay and India's Commerce and Industry Minister Piyush Goyal formalized the pact after negotiations concluded in December 2025. This historic agreement grants Indian exports 100% duty-free access to the New Zealand market from day one. For New Zealand, the deal eliminates or reduces tariffs on 95% of its exports to India, with nearly 57% becoming duty-free immediately, rising to 82% upon full implementation. The agreement also includes a commitment for New Zealand to facilitate $20 billion in investments into India over the next 15 years, aiming to significantly boost bilateral trade.