India and New Zealand Comprehensive Free Trade Agreement (FTA)

March 19, 2025

India and New Zealand have officially commenced negotiations for a Comprehensive Free Trade Agreement (FTA) to strengthen economic ties and expand market access.
Expected Outcomes
- Enhanced trade and investment across diverse sectors.
- Stronger supply chain integration for goods and services.
- Increased market access for Indian exports in New Zealand.
- Strengthened Indo-Pacific economic cooperation aligning with India’s Act East Policy.
Bilateral Trade Overview
- Strategic Importance: This will be India’s second bilateral trade agreement in Oceania, following the India-Australia FTA (April 2022).
- Trade Growth: Bilateral trade between India and New Zealand surpassed $1 billion during April-January 2025.
- Key Exports (India to New Zealand): Pharmaceuticals, nuclear reactors and boilers, textiles.
- Key Imports (India from New Zealand): Fruits and nuts, mineral fuels and oils, wood and articles, iron and steel, machinery.
2024-25 (April-December Data):
- Indian exports to New Zealand: $494.44 million.
- Indian imports from New Zealand: $463.07 million.