Last Updated on April 28, 2026 12:02 am by BIZNAMA NEWS
AMN / NEW DELHI
India and New Zealand today signed the historic Free Trade Agreement (FTA) in New Delhi. The signing ceremony was presided over by Union Minister for Commerce and Industry Piyush Goyal and New Zealand’s Minister for Trade and Investment Todd McClay. The agreement finalised in December last year facilitates 100% duty-free access for all Indian exports and a 20 billion dollar investment commitment by New Zealand.
Speaking on the occasion, Mr Goyal said the FTA has been concluded in a record nine months. He said the pace reflects the depth of trust and shared ambition.
Mr McClay said, ” This agreement delivers opportunities that New Zealand exporters have never had in India.
Prime Minister Narendra Modi and his New Zealand counterpart, Christopher Luxon, described the inking of the FTA as a landmark moment in the partnership between both countries.
Prime Minister Modi, in a social media post, said the FTA will add unprecedented momentum to both nations’ developmental partnership. He said the deal will greatly benefit farmers, youth, women, MSMEs, artisans, startups, students and innovators.
In his message, New Zealand Prime Minister Christopher Luxon said the deal will help diversify New Zealand’s market. Prime Minister Luxon’s message was read out by New Zealand’s Trade and Investment Minister Todd McClay during the signing ceremony.
External Affairs Minister Dr S Jaishankar also hailed the signing of the India-New Zealand Free Trade Agreement.