India-New Zealand Free Trade Agreement (FTA): Key Highlights

The India-New Zealand FTA signifies a strategic advancement in Prime Minister  trade diplomacy, enhancing job creation, investment, and opportunities for various sectors across India. It is the seventh FTA by the Indian government and the third major trade deal in 2026 with developed countries, following pacts with the UK and Oman.

Jobs, Growth, and Market Access

• Zero-Duty Access: New Zealand offers zero-duty access to 100% of Indian exports, benefiting labor-intensive sectors like textiles, leather, apparel, marine products, and more. 
• Market Access for Services: India achieves extensive market access covering 118 services sectors, including telecom, IT, and financial services. 

Opportunities for Professionals and Students

• Visa Provisions: Enhanced visa conditions for Indian professionals and students, including work opportunities during and post-study. 
• STEM Graduates: Can work for up to three years; doctoral scholars for four years. 

Benefits for Farmers

• Agricultural Productivity Partnership: Focus on apples, kiwi, and honey to boost productivity and farmer incomes. 
• GI-level Protection: For Basmati rice, protecting sensitive sectors like rice, dairy, and wheat. 

Innovative FTAs and Investment Pledges

• Investment Commitment: New Zealand commits to $20 billion FDI over 15 years, aiding sectors like agriculture, dairy, and MSMEs. 

India’s First Women-Led FTA

• Women Leadership: The negotiation team was predominantly women, marking a historic milestone. 

India’s FTA Strategy

India's strategy focuses on partnering with developed economies that benefit labor-intensive industries without compromising domestic products. This approach strengthens the economy and improves living standards, particularly for the poorest citizens.

Change in Trade Governance

The current trade strategy under PM contrasts with previous approaches that exposed markets to low-cost imports. The leadership has enhanced India's stature and negotiating power globally, as evidenced by the India-New Zealand FTA.