India and New Zealand have signed a landmark Free Trade Agreement (FTA), in the presence of Commerce and Industry Minister Piyush Goyal and New Zealand’s Trade and Investment Minister Todd McClay, marking a significant step toward deepening economic relations between the two nations. The agreement is expected to double bilateral trade from its current level of approximately $2.4 billion and unlock investment opportunities worth up to $20 billion over the next 15 years. A key highlight of the pact is duty-free access for Indian exports to the New Zealand market, which is set to boost multiple sectors across the country. Commerce Minister Piyush Goyal emphasized that the removal of import duties will create strong growth prospects for Indian industries, particularly benefiting leather exporters in Agra. The agreement is also poised to enhance two-way trade flows and strengthen long-term economic cooperation between the two countries. Overall, the India–New Zealand FTA represents a strategic move to expand market access, encourage investment, and create new opportunities for Indian businesses on a global scale.
