India–New 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
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.
India-New Zealand FTA Aim
The free trade agreement aims to promote trade flows, investment linkages, and strengthen ties between the two nations.What New Zealand Wants to Sell
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.
Live EventsIndia’s Key Demands
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.
India’s Key Exports (Apr-Oct FY26)
Drug formulations & biologicals: $34.0 millionPetroleum products: $24.1 millionCotton fabrics, madeups: $19.9 millionMotor vehicles: $16.9 millionReadymade garments: $16.3 million
New Zealand’s Top Exports (Apr-Oct FY26)
Fresh fruit: $57.4 millionIron & steel: $45.4 millionWood & its products: $37.7 millionCoal, coke, briquettes: $30.3 millionRaw wool: $28.9 millionDairy products: $5.4 million
Tariff Status
New Zealand’s average import tariff is only 2.3 per cent, while India’s average tariff is 17.8 per cent. New Delhi may have to make further reductions to reach a mutually beneficial agreement.
