The Ministry of Commerce and Industry announced on 19 October 2026 that the India–New Zealand Free Trade Agreement (FTA) will enter into force on 20 October 2026. The agreement provides 100% duty-free access to the New Zealand market for Indian goods, benefiting MSMEs, farmers, and women entrepreneurs, though sensitive items like dairy and sugar remain excluded. New Zealand has also committed to facilitating USD 20 billion in investment into India and providing annual visa quotas for Indian professionals. The release does not say when the investment will be completed, but sets a trade goal for 2030.
Key points
- Effective 20 Oct 2026: Indian goods get 100% duty-free access to New Zealand market
- Investment: New Zealand to facilitate USD 20 billion investment into India
- Visas: Annual quota of 5,000 Temporary Employment and 1,000 Working Holiday visas for Indians
- Education: No numerical cap on Indian students; post-study work rights up to 4 years
- Exclusions: Dairy, sugar, and edible oils are excluded from duty concessions
When it applies
- India–New Zealand Free Trade Agreement entry into force
- Flag-offs of a range of products
Who it affects
- Indian exporters, including MSMEs, artisans, farmers, and women entrepreneurs
- Indian youth and professionals