New Zealand, India to sign FTA today; tariffs to go on all exports
India and New Zealand will on Monday sign a Free Trade Agreement that will remove tariffs on 100% of India’s exports to New Zealand, and either sharply reduce or remove tariffs on 95% of current imports from that country.Commerce Minister Piyush Goyal on Saturday took to social media to welcome Todd McClay, New Zealand’s Minister for Trade & Investment, to New Delhi, ahead of the signing of the pact. “As we approach the #IndiaNZFTA signing on April 27th, his visit marks a defining moment in our bilateral journey, reflecting the trust, shared values, and common vision that underpin our partnership for sustainable economic growth, driving prosperity for both our nations,” he said.
India’s exports to New Zealand grew 32.1% in 2024-25 to $711.1 million, the latest full financial year for which there is data. Imports from New Zealand grew 75.2% to $587.1 million over the same period.
The deal will provide India with immediate duty-free access on 100% of tariff lines. This is down from the 10% tariff New Zealand currently levies on about 450 tariff lines that India exports, including textiles and apparel products, leather and headgear, ceramics, carpets, and automobiles and auto components.
On average, New Zealand levied a tariff of 2.2% in 2025, which will come down to zero under the agreement.
The pact between the countries is one of the fastest-negotiated trade agreements that India has entered into, with negotiations being announced in March 2025 and concluding in December.
Dairy products out
India has also managed to keep several items out of the FTA, including all dairy products such as milk, cream, whey, yoghurt, and cheese, animal products other than sheep meat, vegetable products such as onions, chana, peas, corn, and almonds, sugar, artificial honey, animal, vegetable or microbial fats and oils, arms and ammunition, gems and jewellery, and copper and aluminium and their products.
During the WAVES Summit in Mumbai, Prime Minister Narendra Modi underlined India's developing position in the global creative economic sector. During his opening address, India earned the description of an "orange economy" because cultural and creative sectors drive both financial growth and job creation. Rajnikanth and Mukesh Ambani joined
The Mahahtra government achieved a historical milestone by returning to India the historic sword of Raghuji Bhosale I during a Sotheby’s auction in London, which belonged to a notable 18th-century Maratha ruler. The state of Mahahtra achieves its first success in acquiring historical artifacts from international auctions. The bidding
Stay updated with The Hindu Editorial Vocab24 app, your definitive source for breaking news and comprehensive coverage from India and around the globe. Whether it's political developments, business updates, sports highlights, the latest technology trends, or current events, The Hindu brings live, accurate, and reliable news directly to your device.
Don’t fall for sensationalized or fake news shared online. Read and share accurate updates with friends and family through The Hindu Editorial Vocab24 app. Download it today!
News Coverage in The Hindu Editorial Vocab24 App
Breaking News: Receive instant notifications on breaking news stories as they unfold. Stay informed about major events and developments in India and around the world with live blogs, news in shorts videos, and concise articles.
Politics: Get the latest updates on Indian politics, including elections, policy changes, government decisions, and political events that shape the nation.
Business and Economy: Stay ahead in the economic landscape with detailed business news and market analysis. Learn about stock market trends, financial reports, corporate news, and economic developments to make informed investment decisions.
Current Events: Follow stories on social issues, policy changes, global events, and daily current affairs, tailored for UPSC and other competitive exam preparations.
Technology: Keep up with the latest gadgets, innovations, and tech trends. Read expert reviews and analyses in short, concise updates on cutting-edge technology from India and beyond.
Sports: Never miss a moment of your favorite sports. Get live scores, match reports, and expert analysis on cricket, football, tennis, and more.
International News: Stay informed about global events and geopolitical developments, including the Russia-Ukraine war, Israel-Palestine conflict, and other key international stories.
Local News: Stay connected to your community with the latest updates on city events, issues, and local news. Coverage includes hyperlocal updates from cities like Bangalore, Chennai, Delhi, Hyderabad, Mumbai, Kolkata, and more.
Trending Topics: Discover what's trending today with the most talked-about stories and hot topics across India and the world.
Experience journalism that values integrity, accuracy, and reliability. Download The Hindu Editorial Vocab24 app today and stay connected with the world.
Subscribe to our newsletter!
