India gains duty-free access to New Zealand market under new trade pact

India will obtain full duty-free export access to the New Zealand market after a comprehensive free trade agreement comes into force on October 20, substantially opening the Pacific nation's markets to Indian goods and services.

The free trade agreement represents a milestone in bilateral economic relations, eliminating tariff barriers across a broad spectrum of products covered under the accord. The removal of duties is expected to facilitate increased two-way trade and enhance commercial opportunities for Indian exporters across multiple sectors.

The pact encompasses merchandise trade, services, and investment provisions designed to strengthen economic cooperation between New Delhi and Wellington. The activation of the agreement signals both nations' commitment to deepening their strategic and commercial partnership in the Indo-Pacific region.

India joins a select group of trading partners with preferential market access to New Zealand under bilateral free trade arrangements. The expanded access is anticipated to benefit Indian manufacturers, farmers, and service providers seeking to establish a stronger presence in the New Zealand market.