India and New Zealand will sign a free trade agreement (FTA) on April 27, an Indian government official said on Friday, April 17.
The free trade pact aims to provide tariff-free access to the island nation's market for domestic exporters' goods and will bring in $20 billion in investment over the next 15 years, the Indian official said.
The two countries on December 22, 2025, announced the conclusion of negotiations for the trade deal which aims at doubling bilateral trade to $5 billion in the next five years.
While India will get zero-duty market access on 100 percent of its exports, the agreement will eliminate or reduce tariffs on 95 percent of New Zealand's exports to India.
Bilateral merchandise trade stood at $1.3 billion in 2024-25. The total trade in goods and services reached about $2.4 billion in 2024.
