New Zealand and India Conclude Free Trade Agreement

By Foreign Affairs and Trade
Government of New Zealand
April 27, 2026
Category: Business & Politics
Region: International

India is a strategic priority for New Zealand because of its growing global influence, economic scale, and regional importance. This is why New Zealand is building a broad, deep, and enduring strategic relationship with India. By 2030, India’s GDP is expected to reach around NZ$12 trillion, making it one of the world’s largest economies. India’s rapidly growing middle class is projected to soon reach 715 million – those consumers alone will be a larger market for New Zealand than the European Union or ASEAN. …The impact and value of the NZ-India FTA will grow over time – delivering greater market access through streamlined border processes and phased tariff cuts. …On forestry and timber – a major export to India – over 95% of our exports become tariff-free immediately at entry into force. Almost all other exports benefit from tariff elimination over seven years, providing a valuable market option for wood exporters.

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