{"id":352583,"date":"2025-12-23T15:56:25","date_gmt":"2025-12-23T10:26:25","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=352583"},"modified":"2025-12-23T15:56:25","modified_gmt":"2025-12-23T10:26:25","slug":"india-new-zealand-fta","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-new-zealand-fta\/","title":{"rendered":"India\u2013New Zealand FTA"},"content":{"rendered":"<p><strong>News: <\/strong>India and New Zealand concluded discussions on a free trade agreement to provide tariff-free access, attract investments, and expand bilateral trade.<\/p>\n<h2>About India\u2013New Zealand FTA<\/h2>\n<figure id=\"attachment_352586\" aria-describedby=\"caption-attachment-352586\" style=\"width: 301px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-352586 \" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/12\/Source-ToI-2.jpg?resize=301%2C468&#038;ssl=1\" alt=\"India\u2013New Zealand FTA\" width=\"301\" height=\"468\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/12\/Source-ToI-2.jpg?resize=193%2C300&amp;ssl=1 193w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/12\/Source-ToI-2.jpg?w=564&amp;ssl=1 564w\" sizes=\"auto, (max-width: 301px) 100vw, 301px\" \/><figcaption id=\"caption-attachment-352586\" class=\"wp-caption-text\">Source &#8211; ToI<\/figcaption><\/figure>\n<ul>\n<li>The India\u2013New Zealand Free Trade Agreement is <strong>India<\/strong><strong>\u2019<\/strong><strong>s second bilateral trade agreement in the Oceania region after the India\u2013<\/strong><strong>Australia FTA.<\/strong><\/li>\n<li><strong>Key Takeaways of India\u2013New Zealand FTA<\/strong>\n<ul>\n<li><strong>Tariff Elimination:<\/strong> The FTA eliminates duty on <strong>100% of Indian exports<\/strong>.<\/li>\n<li><strong>Investment Commitment: <\/strong>The agreement includes a <strong>USD 20 billion investment commitment over 15 years, <\/strong>strengthening long-term economic and strategic cooperation.<\/li>\n<li><strong>Trade Target: <\/strong>The FTA aims to <strong>double bilateral trade to USD 5 billion within five years<\/strong>.<\/li>\n<li><strong>Trade Growth: <\/strong>Merchandise trade grew from <strong>USD 873 million in 2023\u201324 to USD 1.3 billion in 2024\u201325<\/strong>, registering a 49% increase.<\/li>\n<li><strong>Export Performance<\/strong><strong>:<\/strong> Indian merchandise exports reached <strong>USD 711 million in 2024\u201325<\/strong>, while services exports grew to <strong>USD 634 million<\/strong>, led by travel, IT, and business services.<\/li>\n<li><strong>Sectoral Gains<\/strong><strong>:<\/strong> <strong>Zero-duty access<\/strong> benefits <strong>labour-intensive sectors<\/strong> such as textiles, apparel, leather, footwear, gems and jewellery, engineering goods, and processed foods.<\/li>\n<li><strong>Tariff Structure: <\/strong>India offered market access in <strong>70.03% of tariff lines<\/strong>, with <strong>30% immediate elimination<\/strong> and phased reduction for 35.60% over 3 to 10 years.<\/li>\n<li><strong>Sensitive Protection<\/strong><strong>: <\/strong>Key products such as <strong>dairy, select agricultural goods, sugar, fats and oils, arms, and certain metals<\/strong> remain in the exclusion list.<\/li>\n<li><strong>Services Access: <\/strong>New Zealand made its <strong>best-ever services offer<\/strong>, including an annex on <strong>Health and Traditional Medicine Services<\/strong>.<\/li>\n<li><strong>Mobility Pathways:<\/strong> The FTA opens new routes through <strong>5,000 skilled professional visas<\/strong> and <strong>1,000 working holiday visas<\/strong>, benefiting Indian students and workers.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: India and New Zealand concluded discussions on a free trade agreement to provide tariff-free access, attract investments, and expand bilateral trade. About India\u2013New Zealand FTA The India\u2013New Zealand Free Trade Agreement is India\u2019s second bilateral trade agreement in the Oceania region after the India\u2013Australia FTA. Key Takeaways of India\u2013New Zealand FTA Tariff Elimination: The&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/india-new-zealand-fta\/\">Continue reading <span class=\"screen-reader-text\">India\u2013New Zealand FTA<\/span><\/a><\/p>\n","protected":false},"author":10393,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,164,12039],"tags":[11872],"class_list":["post-352583","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-international-relations-daily-factly-articles","category-knolls","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/352583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10393"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=352583"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/352583\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=352583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=352583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=352583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}