New Zealand’s long-anticipated free trade agreement with India is set to be formally signed next week, This marks what the government is calling a major step forward in strengthening economic ties between the two countries.
Trade and Investment Minister Todd McClay confirmed that legal verification of the agreement has been completed, with both governments agreeing to sign the deal on April 27 in New Delhi.
First concluded in December, the agreement opens access for New Zealand exporters to a market of around 1.4 billion people, described by the government as a “once-in-a-generation” opportunity to expand trade and investment.
McClay said the deal will remove or reduce tariffs on 95% of New Zealand exports to India, which he noted is among the highest levels achieved in any of India’s trade agreements. He said more than half of current exports—including lamb, wool, and many forestry products—will become duty-free immediately, with that share rising to 82% over time.
He also said the agreement places New Zealand exporters on a more competitive footing in the Indian market, where other countries already benefit from preferential tariff arrangements.
The signing will begin the formal parliamentary process, with the full text of the agreement and a national interest analysis to be presented to Parliament and reviewed by a select committee. The public will also have the opportunity to submit feedback before any enabling legislation is passed.
The agreement also allows a limited number of skilled workers from India to come to New Zealand on temporary visas. At the same time, it opens up greater access for important New Zealand exports, including kiwifruit, apples, and mānuka honey, in the Indian market.
Business groups and exporters have broadly welcomed the agreement, saying it is expected to open new opportunities in an expanding market and strengthen New Zealand’s export-driven economy.