India–New Zealand $20 billion FTA: List of sectors set to gain ground as the deal kicks in

With the India-New Zealand FTA signing, New Delhi's export-heavy sectors including textiles and apparel, leather and footwear, engineering goods, pharmaceuticals, and select agricultural products are set for a major push as the deal grants zero-duty access on nearly 95% of domestic exports.

The pact is expected to significantly enhance competitiveness for labour-intensive industries and MSMEs, while also opening up new opportunities in services, mobility, and investment flows between the two countries.

Landmark trade pact aimed at doubling bilateral trade

Signed in New Delhi, the India–New Zealand FTA is designed to deepen economic engagement and double bilateral trade from around $2.4 billion to $5 billion within five years. The agreement now awaits approval from New Zealand’s Parliament and India’s Union Cabinet.

A key feature of the deal is New Zealand’s elimination of tariffs across all 8,284 tariff lines, including the removal of duties on most Indian exports, while India has adopted a calibrated approach protecting sensitive sectors such as dairy and select agricultural goods.

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