Page 2 - India New Zealand Fta

Medtech backs India-NZ FTA, flags CDSCO exclusion as key regulatory gap

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

India-New Zealand trade pact cuts fruit tariffs, boosts exports and visas

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

Markets rebound: Sensex up 756 pts intraday; Nifty tops 24,100; key reasons

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-New Zealand FTA to be signed today: Key gains, sectors, and impact

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

Weekly policy watch: India-New Zealand FTA, manufacturing output in focus

A new trade pact with New Zealand, industrial production data and manufacturing trends to shape India's policy and economic outlook this week

Exports to New Zealand won't be taxed: Goyal ahead of FTA signing

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

FTA with New Zealand to benefit Agra's leather exporters: Piyush Goyal

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's opposition Labour Party to back free trade deal with India

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, New Zealand to sign FTA on April 27, aim for $20 bn investments

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, New Zealand likely to sign FTA on April 24, says official

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

FTA another step in strong ties with India: New Zealand Minister Shane Reti

New Zealand's Minister for Science and Technology, Shane Reti, also lauded India's growing leadership in the global artificial intelligence (AI) landscape

AYUSH gets recognition in India's free trade pacts with Oman, New Zealand

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 to set up committee to oversee New Zealand FDI commitment under FTA

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

Indian exporters can help NZ reduce China dependence, boost shipments: GTRI

Indian exporters in various sectors like agriculture, petroleum, pharma, apparel, electronics and auto have potential not only to scale up shipments to New Zealand but also help the island nation reduce its dependence on China. According to think tank GTRI, in 2024-25, New Zealand imported goods worth over USD 10 billion from China compared to just USD 711 million from New Delhi. Wellington's total imports in that fiscal year were USD 50 billion. GTRI's report stated that opportunities exist for various Indian sectors to increase penetration in the island nation, given a bilateral free trade agreement. The sectors with potential include processed foods and agri-linked products, petroleum products and industrial chemicals, pharmaceuticals and healthcare, plastics, rubber and consumer goods, textiles and apparel, electronics and electrical equipment, automobiles and transport equipment, aerospace and high-value manufacturing, furniture and lighting. India is a significant global ...

New Zeland FTA to unlock jobs for 5000 Indian professionals: Commerce Sec

As many as 5,000 of India professionals such as yoga instructors, chefs, Ayush professionals, IT, education teachers, nurses, caregivers, will get professional visas for serving New Zealand economy

India-New Zealand FTA: A strategic victory for both the economies

If utilised well, the India-New Zealand FTA will strengthen trade, investments and economic relations between the two countries

New Zealand to allow GI registration for Indian goods under FTA with India

New Zealand has taken a binding commitment under its Free Trade Agreement (FTA) with India to amend its laws within 18 months of the pact's implementation to facilitate the geographical indication (GI) registration of Indian goods besides wines, and spirits in the island nation. The current GI law of New Zealand only allows India's wines and spirits to be registered. A GI, a type of an intellectual property right, is primarily an agricultural, natural or manufactured product (handicrafts and industrial goods) originating from a definite geographical territory. Typically, such a name conveys an assurance of quality and distinctiveness, which is essentially attributable to the place of its origin. Once a product gets a GI tag, any person or company cannot sell a similar item under that name. Its other benefits include legal protection to that item, prevention against unauthorised use by others, and promoting exports. "Commitment is now in place to taking all steps necessary includin

India offers higher FDI, easier bank branch norms under New Zealand FTA

Under the India-New Zealand FTA's Financial Services Annex, India has offered higher FDI limits in banking and insurance and a simpler licensing regime for foreign bank branches

India links duty concessions on NZ apples, kiwifruit to agri action plans

Quota-based duty concessions granted by India to New Zealand for apples, kiwifruit, and Manuka honey are linked to the delivery of agriculture productivity action plans committed by the island country under the free trade agreement. The implementation of the plans will be monitored by a Joint Agriculture Productivity Council (JAPC). According to the pact, the move is aimed at balancing market access with protection of sensitive domestic agricultural sectors. New Zealand has agreed on focused action plans for kiwifruit, apples, and honey to improve productivity, quality, and sectoral capabilities in India. The cooperation includes the establishment of centres of excellence, improved planting material, capacity building for growers, technical support for orchard management, post-harvest practices, supply chains, and food safety. Projects for premium apple cultivators and sustainable beekeeping practices will enhance production and quality standards in India. "All tariff rate quotas

Jobs, migration: India trade deal sparks political debate in New Zealand

Political tensions flare in Wellington as New Zealand First opposes the trade deal's immigration concessions, citing concerns over local job security and long-term demographic shifts