The reduction in tariffs is expected to significantly level the playing field for Kiwi exporters on the global stage
India has agreed to reduce the basic customs duty on apple imports from New Zealand from 50% to 25% within a Tariff Rate Quota framework
From India's FTA strategy and Sun Pharma's global ambitions to LPG shortages, West Asia risks and Asean ties, here are the key insights from today's Opinion page
India and New Zealand have signed a free trade agreement to boost trade, investment, and mobility. Though current trade between the two remains limited, the pact is expected to support India's exports
It is important now to reconsider whether it makes sense to officially apply for candidacy to CPTPP, a gold-standard trade deal that would significantly increase comfort levels for investors, traders
India gains 100% duty-free mkt access, $20 bn FDI commitments in 15 years
Industry stakeholders believe the move could provide a meaningful boost to India's auto exports, particularly at a time when companies are looking to diversify markets and scale global operations
Medical device makers welcome India-NZ FTA for easing market access and exports, but flag absence of CDSCO in regulatory recognition framework as a key gap
The agreement, concluded in December, will see New Zealand eliminate duties on all Indian exports, while India will reduce tariffs on 95 per cent of imports from the South Pacific nation
The Sensex touched a high of 77,420.04, up 755.83 points, or 0.98 per cent. Likewise, the Nifty 50 hit an intraday high of 24,129.55, up 231.6 points, or 0.97 per cent.
India and New Zealand on Monday will sign a free trade agreement (FTA) to boost two-way commerce in goods and services and promote investments. The pact will come into force on actually decided date agreed by both sides. Here are a few questions and answers to understand the main strategic gain of this deal: FTA: ----- An economic arrangement between two or more countries where they agree either to end or significantly reduce customs duties on the maximum number of goods traded between them, besides cutting down barriers which can hinder or promote two-way commerce and investments. INDIA-NEW ZEALAND FTA BRIEF: ----------------------------------- Negotiations were first launched in 2010, stalled in 2015 after nine rounds, and were revived in March 2025. March 16, 2025: Negotiations resumed afresh December 22, 2025: Announced conclusion of talks April 27, 2026: FTA set to be signed The agreement covers 20 chapters, including trade in goods, rules of origin, services, customs
A new trade pact with New Zealand, industrial production data and manufacturing trends to shape India's policy and economic outlook this week
More than four months after announcing the conclusion of negotiations on December 22 last year, India and New Zealand are set to sign their free trade agreement on April 27, aimed at doubling bilateral trade between the two countries. The pact will give India companies duty-free access to the island nation's markets, and bring in USD 20 billion of investment over the next 15 years. The pact will be signed in the presence of Commerce and Industry Minister Piyush Goyal and Todd McClay, New Zealand's Minister for Trade and Investment, here at Bharat Mandapam, according to the commerce ministry. The deal will also give India more temporary employment visas, easier access for pharmaceuticals and medical devices. While the agreement will eliminate or reduce tariffs on 95 per cent of New Zealand's exports of items ranging from wool, coal, wood, wine, to avocados and blueberries to India, New Delhi made no concessions on allowing imports of dairy, onions, sugar, spices, edible oils and rub
The free trade agreement (FTA) with New Zealand, scheduled to be signed on April 27, will provide huge opportunities for domestic firms, including leather exporters from the city of the Taj Mahal, Commerce and Industry Piyush Goyal said on Sunday. Goyal is here with the visiting New Zealand's Trade and Investment Minister Todd McClay. The ministers held discussions with businesses from different sectors, including leather and sports goods. The FTA aims to double bilateral trade and facilitate duty-free access to the island nation's markets for Indian companies, as well as bring in USD 20 billion of investment over the next 15 years. "Goods exported from India to New Zealand will go without any tax, creating significant opportunities, including for Agra's leather industry and other sectors," Goyal said, adding that the pact would hep promote two-way commerce, which stood around USD 2.4 billion. Agra is one of India's largest leather and footwear clusters, playing a key role in both
New Zealand and India concluded a free trade deal in December that will eliminate or reduce tariffs on 95 per cent of New Zealand's exports to India
India and New Zealand will sign a free trade agreement (FTA) on April 27 here, an official said on Thursday. The free trade pact aims to provide tariff-free access to the island nation's market for domestic exporters' goods and will bring in USD 20 billion in investment over the next 15 years. The two countries on December 22 last year announced the conclusion of negotiations for the trade deal which aims at doubling bilateral trade to USD 5 billion in the next five years. The official said that the pact will be signed on April 27 in Bharat Mandapam after a meeting of the India-New Zealand Business Forum. While India will get zero-duty market access on 100 per cent of its exports, the agreement will eliminate or reduce tariffs on 95 per cent of New Zealand's exports to India, including items ranging from wool, coal, wood, wine, to avocados and blueberries. However, New Delhi has made no duty concessions on imports of dairy products like milk, cream, whey, yoghurt, and cheese; onio
India and New Zealand are expected to sign a Free Trade Agreement (FTA) on April 24 here, which will provide tariff-free access to domestic exporters for their goods in the island nation's market, and will bring in USD 20 billion of investment over the next 15 years, an official said. The two countries on December 22 last year announced the conclusion of negotiations for the trade deal which aims at doubling bilateral trade to USD 5 billion in the next five years. The official said that the pact is likely to be signed on April 24 in Bharat Mandapam. While India will get zero-duty market access on 100 per cent of its exports, the agreement will eliminate or reduce tariffs on 95 per cent of New Zealand's exports to India, including items ranging from wool, coal, wood, wine, to avocados and blueberries. However, New Delhi has made no duty concessions on allowing imports of dairy like milk, cream, whey, yoghurt, and cheese; onions, sugar, spices, edible oils and rubber to protect farme
New Zealand's Minister for Science and Technology, Shane Reti, also lauded India's growing leadership in the global artificial intelligence (AI) landscape
The commerce ministry on Sunday said India's traditional medicine system - AYUSH - has received formal recognition in bilateral trade agreements with Oman and New Zealand. Both the agreements, which were finalised last year in December, have dedicated annexures on health-related services and traditional medicine. "India's traditional medicine systems (AYUSH) have also received formal recognition in bilateral trade agreements, including the India-Oman CEPA and the India- New Zealand FTA," it said. Exports of AYUSH and herbal products have registered a growth of 6.11 per cent, increasing from USD 649.2 million in 2023-24 to USD 688.89 million in 2024-25.
India and New Zealand announced the conclusion of the free trade agreement (FTA) negotiations on 22 December, under which Wellington has committed $20 billion in FDI over the next 15 years