“Landmark India-New Zealand Trade Pact: Zero Duties, Sectoral Wins and Strategic Ties”, India Narrative, December 24, 2025
“India and New Zealand finalized a landmark Free Trade Agreement (FTA) on December 22, 2025, after nine months of negotiations that began in March. This pact promises to double bilateral trade within five years and unlock $20 billion in New Zealand investments into India over 15 years. It marks India’s third FTA this year, enhancing its global trade footprint amid stalled talks with larger partners like the US and EU.
Talks launched on March 16, 2025, during New Zealand Prime Minister Christopher Luxon’s visit to India, building on prior efforts stalled since 2015. Four rounds of negotiations—from May to November—culminated in a swift conclusion announced jointly by Prime Ministers Narendra Modi and Luxon via phone. This record nine-month timeline reflects strong political commitment to overcome past hurdles like agricultural sensitivities.
Tariff Reductions
New Zealand gains tariff elimination or cuts on 95% of its exports to India—one of the highest coverages in any Indian FTA—with 57% duty-free from day one, rising to 82% upon full implementation. Immediate zero duties apply to sheep meat, wool, coal, and over 95% of forestry products, while seafood like mussels and salmon phase in over seven years. India secures zero-duty access for 100% of its exports to New Zealand, with concessions on 70% of its tariff lines covering 95% of bilateral trade value, excluding sensitive items like dairy, sugar, and onions. India’s average MFN tariff drops from 16.2% to 9.06% over ten years…..”
Read full article at indianarrative.com
