{"id":361246,"date":"2025-12-22T07:40:16","date_gmt":"2025-12-22T07:40:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/361246\/"},"modified":"2025-12-22T07:40:16","modified_gmt":"2025-12-22T07:40:16","slug":"10-year-hiatus-to-handshake-india-new-zealand-trade-pact-nears-finish-line","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/361246\/","title":{"rendered":"10-year hiatus to handshake: India-New Zealand trade pact nears finish line"},"content":{"rendered":"<p>India\u2013New Zealand Trade Pact: India and New Zealand are close to inking a free trade agreement, the talks for which restarted this year in March after a hiatus of ten years. India-NZ Goods Trade<br \/>Trade between India and New Zealand has shown steady growth over the years. In FY21, exports stood at $486.2 million and imports at $381.5 million. By FY26*, exports are expected to reach $343.5 million, while imports are projected at $356.9 million.<br \/><img decoding=\"async\" title=\"image\" alt=\"image\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/07\/et-logo.jpg\" class=\"lazy gwt-Image\" data-msid=\"126108666\" data-original=\"https:\/\/img.etimg.com\/photo\/msid-126108666\/image.jpg\"\/><br \/>India-New Zealand FTA Aim<br \/>The free trade agreement aims to promote trade flows, investment linkages, and strengthen ties between the two nations.What New Zealand Wants to Sell<br \/>New Zealand is keen to sell dairy, fruit, wool, and wine to India. Key priorities include addressing goods supply chain issues, market access, and resolving tariff and non-tariff barriers.<img decoding=\"async\" alt=\"ET logo\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/08\/118783427.cms.png\" width=\"90%\"\/>Live EventsIndia\u2019s Key Demands<br \/>India has emphasised easier movement of skilled professionals, better access for IT services sector, FTA-like investment commitments, and work opportunities similar to those given to Australia.<br \/>India\u2019s Key Exports (Apr-Oct FY26)<br \/>Drug formulations &amp; biologicals: $34.0 millionPetroleum products: $24.1 millionCotton fabrics, madeups: $19.9 millionMotor vehicles: $16.9 millionReadymade garments: $16.3 million<br \/>     <img decoding=\"async\" title=\"image\" alt=\"image\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/07\/et-logo.jpg\" class=\"lazy gwt-Image\" data-msid=\"126108661\" data-original=\"https:\/\/img.etimg.com\/photo\/msid-126108661\/image.jpg\"\/><br \/>New Zealand\u2019s Top Exports (Apr-Oct FY26)<br \/>Fresh fruit: $57.4 millionIron &amp; steel: $45.4 millionWood &amp; its products: $37.7 millionCoal, coke, briquettes: $30.3 millionRaw wool: $28.9 millionDairy products: $5.4 million<br \/>     <img decoding=\"async\" title=\"image\" alt=\"image\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/07\/et-logo.jpg\" class=\"lazy gwt-Image\" data-msid=\"126108663\" data-original=\"https:\/\/img.etimg.com\/photo\/msid-126108663\/image.jpg\"\/><br \/>Tariff Status<br \/>New Zealand\u2019s average import tariff is only 2.3 per cent, while India\u2019s average tariff is 17.8 per cent. New Delhi may have to make further reductions to reach a mutually beneficial agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"India\u2013New Zealand Trade Pact: India and New Zealand are close to inking a free trade agreement, the talks&hellip;\n","protected":false},"author":2,"featured_media":361247,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,155473,46,155470,155471,155467,155469,155468,155472,155475,155476,155474],"class_list":["post-361246","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-dairy-trade-india-new-zealand","tag-economy","tag-india-exports-to-new-zealand","tag-india-new-zealand-economic-ties","tag-india-new-zealand-free-trade-agreement","tag-india-new-zealand-fta-talks","tag-india-new-zealand-trade-relations","tag-new-zealand-exports-to-india","tag-new-zealand-goods-supply-chain","tag-tariff-statusnew-zealands","tag-trade-negotiation-india-new-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/361246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=361246"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/361246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/361247"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=361246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=361246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=361246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}